The Japanese Yen (JPY) the USD/JPY is moving closer to the Y80 level as the Yen struggles even in the risk off trading environment as sentiment towards the safe haven sours sharply. The outlook for a break of the Y80 level is for more gains towards Y82 quickly and then Y85 and Y90 medium term. The lack of pullback in this move higher has been noted in many analysts’ reports.
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