USDJPY: Nice rally on Friday but it is a clear short

103-104 seems to be the max target for USDJPY... a brexitless view shows an almost perfect shs formation with a downside target at the bottom of the medium term channel. worth trying a short... except if boj starts further easing.

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obviously boj is preparing something: www.bloomberg.com/ne...-work-its-way-out-of ... so don't be for too long on the short side...

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