USD/JPY’s rebound from 139.87 short term bottom continued last week but retreated after hitting 145.90. Initial bias remains neutral this week first. Overall near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. Break of 141.96 will argue that the rebound has completed as a corrective move. […]
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