USD/JPY Forecast: Bearish odds improving, drop to 108.20 likely

The USD/JPY pair risks falling to the gradually descending (bearish) 100-day moving average (MA), currently located at 108.20, this week, the technical studies indicate.

At press time, the pair is trading at 109.15 – down 2.20 percent from the recent high of 111.40. The pullback seems to have put…

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