The Japanese Yen is more than 0.5% lower against the US Dollar this week. USD/JPY was testing support at the 2019 low-day close, “with a close below 106.10 needed to fuel the next leg lower in the Dollar.” Price held that low into the close of last week with a breakout on Monday fueling recovery up to the 50% retracement of the April decline at 107.69.
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