• Sales today took USD/JPY from 142.15 to as low as 140.62 EBS

• De-dollarization and concerns over the fate of FOMC chair Powell foci

• Confidence in USD unlikely to return anytime soon on Trump policies

• USD/JPY lowest since 140.33 on Sept 17, 2024, 139.58 trough Sept 16

• Next key levels to break below Sept 17 low and 140.00

• Possible option barriers at 140.00, large stops below

• 140.00, 139.50-60 breaks project moves towards 137.25 low July 2023

• Fibo 38.2% retracement of 102.59-161.96 Jan '21-July '24 at 139.28

• 50% retracement of above move at 132.27, Fibo 61.8% at 125.26

• Related comment , also ,
USD/JPY hourly:


USD/JPY monthly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)