As long as USD/JPY stays under the 61.8% as marked on the chart in red, a risk off sentiment could develop in the markets, meaning weaker stocks and stronger safe haven currencies and commodities. This setup becomes invalidated if the pair moves over the 61.8% in which case this market would likely be range bound.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.