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the currency pair USD/JPY is oversold, but I would not rush to buy it. i general , the forex market awaiting significant unexpected moves in the next month. the positions of the traders are one-sided with 67% traders holding USDJPY long positions. this might indicate a further strengthening of JPY against USD. supposedly, the pair will remain sidebound with no major movements in contrast to the rest of the forex world. suggestion to stay away from the pair until ATR increses
