16.07.2018 • 12:00 GMT
The Case for Fading the Impressive USDJPY Breakout
John Kicklighter
• When USDJPY cleared 111.50 it took out a six month wedge top, the mid-point of a multi-year range and a three-year trendline
• I am skeptical that this otherwise impressive technical break will be able to sustain follow through
• The Dollar will struggle to gain material strength, risk trends set a bias for Yen crosses and trends are unicorns nowadays
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