USD/JPY breaks lower; key levels to watch

  • USD/JPY continues to post fresh lows after the BoJ decided to keep its monetary policy unchanged
  • First support can be expected at the current 2016 low at 107.63
  • A break below would then pave the way for a 105.15 test, but expect decent support at 106.77 (76.4 % Fib of the 100.88-125.83 rally) and 105.40

USDJPY

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