The USD/JPY remains under pressure below the 105.10 level
|The USDJPY rallied last Friday from the lows around the 104.40 level and continued after Sunday's open. Even though we are in positive territory our bias remains bearish below 105.80 with possibilities of retesting the 104.00 level if Japanese Yen Futures rally from the retest of the previous highs. This and a bearish USD would make the short play on the USDJPY a considerable high probability trade.
Keep an eye on Yen Futures at this level turning green for the day.
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