If stocks are ready to make further weakness then Japanese yen should benefit more from that move. In fact, we see nice bearish impulse in progress on USD/JPY with room for 110.00/110.50 after fourth wav rally into 111.58 resistance. Weaker USD/JPY can also pull down the AUD/JPY which could be interesting for short opportunities after black wave 4 rally.
USD/JPY, 1H
Weaker USD/JPY can also pull down the AUD/JPY which could be interesting for short opportunities after black wave 4 rally.
AUD/JPY, 1H
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