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USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than later
While there were some fundamental sparks, the slide and ultimate pressure on the SPX’s midpoint of its October to December range is being distorted by holiday liquidity
USDJPY closed below its 200-day SMA on Friday, but today’s rebound is the biggest seen from the pair in six months