Dollar/yen is on the back foot as worries re-emerge in the new quarter. The “risk-off” trade weighs on commodity currencies such as the Aussie and certainly assists the safe-haven Japanese yen. In its descent, USD/JPY hit a low of 110.27. This is close enough to the round level of 110 to be seen as a double [...]
The post USD/JPY under pressure: double bottom or higher low? appeared first on Forex Crunch.
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