USD/JPY Starts the Week with a Bearish Breakout

Last week we saw USD/JPY dip and stay below the 102 handle, a level the market has been whipping above and below throughout the year. This latest bearish attempt followed a sharp downward revision in US Q1 GDP. With Q2 data underwhelming so far, the market is pushing back interest rate hike…

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USD/JPY Starts the Week with a Bearish Breakout