This evening, we have US CPI and Retail Sales numbers. A strong result could give the USDJPY the base to propel off.
However, with a strong data, I would be looking towards EURUSD, to move lower from a breach of the 1.2350 level.
Mixed or weak data from the US and we could see USDJPY plunge towards 106.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.