USD/JPY broke 2017 low overnight but it may not be over yet. The breakout is quite significant (longer-term trendline) and there's U.S. inflation report coming up which could send the pair even lower in any case. Weak numbers, USD/JPY falls. Strong numbers, bond yields rise, stocks fall further, USD/JPY falls. The next major support to keep an eye on is 61.8% retracement of the 2016 upswing, around 106.5.
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