This analysis is made purely on a technical level. With large moves like this, fundamentals could play a large role. The Yen's prospects look bleak with low interest rates, poor yield control and increasing outwards money flows. Equally, how will Sterling react when we see an end to furlough and the effects of limited trade with Europe? We are still neutral on this pair and if we see an break to the upside, this pair could also go to the moon.
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