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USD/JPY fell again overnight and is currently trading just above 50.0% retracement of the Abenomics uptrend. If it ends the day in the red, that would be the fifth consecutive day of losses.
Although breached two times, the aforementioned level so far held, having been reinforced by the big round 100 level. A weekly close below one or both of the levels would point to a retest of the Brexit low (98.95) in the days ahead. 102.50 could cap near term upticks.
Although breached two times, the aforementioned level so far held, having been reinforced by the big round 100 level. A weekly close below one or both of the levels would point to a retest of the Brexit low (98.95) in the days ahead. 102.50 could cap near term upticks.