FXWW News/Technical Analysis/Trade Ideas/USD/JPY

USD/JPY: Likely to run into headwinds ahead of 100.00

  • Heavy optionality expected at 100.00;
  • Corporate sell orders starting at 99.60/65;
  • Break out of wedge formation implies more gains ahead but we could easily see a pull-back towards 98.60ish first (see chart).

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