USDJPY 4 HOUR CHART – FOLLOWING US YIELDS LOWER
USDJPY correlating with a further fall in US yields to break the first support of 145.97-155.49-155.14 posted late yesterday
From a technical perspective, the pause below the 61.8% level at 156.98 makes this rebound from 151.85 a retracement that now has a third lower high at 156.74.
On the downside, 155.49 is a key support blocking 155.00-14
US data later on is clearly the next focus.