USD/JPY shows weakness
As with most of the USD/X pairs, the USD/JPY pair shows price constriction following a failure to gain an ATH. What you can see on this chart is the large area of low-liquidity from 80-100. This area of low-liquidity is indicated by the large impulsive bars, which didn't give much opportunity for traders to buy and sell in that area. My belief is that should we breakdown, we could see a large, multi-month markdown in the USD/JPY.
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Disclaimer
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.