USD / JPY video 06.01.20
For this reason, I assume that the market will likely recover from here and show signs of life. Other than that, I'm not necessarily looking for an outbreak, but I realize that reversing the mean can make sense. If we were to break above the 200-week EMA, the black EMA on the chart, I would look for the 112-yen level if there was enough time. Ultimately, this is a market that I think remains volatile, but that's nothing new for the Japanese yen anyway. I like the idea of buying as long as we can stay above the 107.90 yen level, but if we collapsed down there we would probably look at the 106.50 yen level. In this case, this is a market that could offer some interesting opportunities as traders finally return from vacation on Monday.
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