Chart Of The Day: USD/JPY

USD/JPY Daily Chart.

USD/JPY Daily Chart.

USD/JPY is nearing the 109.00 level support and the risk is building for a breakdown below this level. A move below support is at risk as the U.S. 10-year bond is back above the 200-day moving average today and yields are slumping. A move to the 108.65 and then 108.12 level is possible, or at least to 108.25, which would be channel support.

Chart Of The Day: USD/JPY

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