July 08, 2020 at 05:59PM
Range is only 54 pips over since July 1
The USDJPY moved below and stayed below its 100/200 hour moving averages at the 107.52 area and stayed below. That give sellers the go ahead to push lower. The overall dollar selling also has helped the bias (in a more limited move however compared to other currencies).
Author: https://www.forexlive.com/technical-analysis/!/usdjpy-moves-closer-to-the-low-extreme-over-the-last-5-6-days-20200708 Selected by SYFX+