The USD/JPY exercised its positive correlation with U. S. equities yesterday, popping nicely back above the psychological 95.00 level while avoiding our 1st tier uptrend line. However, the currency pair is backing away from our 1st tier downtrend line as yesterday's volume failed to impress. Meanwhile, the USD/JPY remains lodged in its downtrend line while not participating in the recent surge of U. S. equities like the EUR/USD and GBP/USD.
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