Flows and Orders/FXWW News/Technical Analysis/USD/JPY

USD/JPY: Stops triggered in thin markets; technical support at 104.15/20

  • Markets remaining very illiquid during holiday period and stop-loss orders make easy pickings;
  • Next technical support in USD/JPY is at the short-term bullish trendline near 104.15/20;
  • Previous highs below there at 103.80/90 should provide even stronger support levels.

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