USDJPY long term trend is to the downside, trying to break lows from 2014 for the last couple of months. Looking at the 4 hr chart, looks like the fib level 61.8% has been reached in from the last push down, and the last few hours have started a retracement. Expecting the price to drop back down to the bottom again, since this is still not a new price trend starting, it’s consolidation of the last move.

USD JPY September 29

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