May 19, 2017
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USD/JPY Drift Lower Likely To Resume

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This week’s spasmodic lurch lower for USD/JPY came at an interesting point for the cross.

For it came just after the pair poked its nose above a downward-sloping trend line which had contained progress for all of 2017 up to that point.

So, the question must now be how much conviction was there…

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