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Screenshot of a breaking news alert e-mail from Q2 2017
Buyers have returned in USDJPY and the medium-term bull trend is set to continue.
Monthly – For the last four months we have seen spikes in both directions highlighting the volatility in USDJPY. The fact that the Marabuzo level from November 2016 still holds (109.63) offers a mild bullish bias but we do need to see some upside movement into this month’s close.