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USDJPY moves closer to the low extreme over the last 5-6 days

July 08, 2020 at 05:59PM

USDJPY moves closer to the low extreme over the last 5-6 days
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).  

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