Very brief observation on the USDJPY chart. We have been seeing continued lower lows and lower highs on the USDJPY since early June's high of 125.83, with a key support level being found at 122.45. It would be very interesting to see if longer term, we see a retest of the lower trendline. Fundamentals to bear in mind here could potentially be to ask the extent to which a US rate hike is priced in and possibly the extent to which USDJPY is considered a safe haven, with currency pressures coming from the weak Yen and the possibility of China joining the global currency war (a great article of which can be read here - www.zerohedge.com/ne...-deflation-us-and-eu).
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Form your own opinions.
This is not to be interpreted as investment advice.
Trading leveraged products carries a potentially high level of risk.
Losses may exceed deposits.
www.admiralmarkets.com