From Citi’s tech team:
The bounce seen in USDJPY is almost identical in magnitude to that seen after the January low (That rally fall was also very similar to the recent fall). A close today below 107.78 (if seen) would be a bearish outside day at the high (Exactly what happened at the 04 April high before lower again) and suggest that 105.95-106.50 could be seen again.
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