Hi Traders,
Yesterday during the US Session, JPY had some strength and cause USDJPY to come down.
For today, Friday, I expect USDJPY to test the weekly lows.
Please do note that the G7 meeting starts today.
Take a look at the daily candle for USDJPY which shows a bearish candlestick pattern.
If the 109.40 level breaks, it will cause USDJPY to have a major bearish trend.
Let's wait and see.
Yesterday during the US Session, JPY had some strength and cause USDJPY to come down.
For today, Friday, I expect USDJPY to test the weekly lows.
Please do note that the G7 meeting starts today.
Take a look at the daily candle for USDJPY which shows a bearish candlestick pattern.
If the 109.40 level breaks, it will cause USDJPY to have a major bearish trend.
Let's wait and see.