The USD/JPY is struggling to maintain a momentum if you fail with key security and risks to create a deeper setback of 140 and down, notes Société Générale FX analysts.
The downward trend may expand
“The USD/JPY UP movement has so far remained an obstacle to 146.50, which marks the lowest and 50-DMA March. It has violated a channel that includes a recent collision that marks a uniform upward momentum.”
“The recent turning point 142 is the following important support. If the couple does not protect it, the decline phase may expand. The following goals may be at 140/139.50 and projection 136.50.”
