Risk sentiment failed to recover so far with Nikkei falling in the early morning and European markets opening weak. USD/JPY is breaking below the trendline (area) drawn off of 2012 and 2016 lows. 2017 low (107.30) is another strong support area to watch. The pair looks a bit oversold in the very short term but a successful break could easily mark a couple of big figures to the downside.
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