Today in forex trading the JPY was strong on all pairs, triggering strong movements to the downside. The CHF/JPY sold off on the H4 time frame, next major support is at 162.50. The CAD/JPY sold off on the H1/H4 time frames. This pair is inside of some support levels so we would scale out lots on any sells. The USD/JPY sold off on the strong downtrend, this pair has much more potential. Overall market volatility was very good and several other pairs had strong movements.
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