The USDJPY didn’t make significant movement last week, but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias is bearish in nearest term testing 77.65 support area. Only a movement above 79.20 could interrupt the current bearish intraday outlook. A clear break and daily close below 77.65 could trigger further bearish pressure testing the record low but any movement near the record low could attract many buyers.
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