Expectiing the USDJPY fall to continue in the very near term, I place a sell limit order @ 123.80. The idea is supported by RSI that moves in a downward channel.
Fundamentaly the idea is also supported by Bank of Japan Kuroda, saying that " Yen's excessive rises have been corrected in past 3 years, also adding that real effective exchange rate shows that yen is weak, while also saying that yen may not weaken much further on real effective exchange rate basis.
Fundamentaly the idea is also supported by Bank of Japan Kuroda, saying that " Yen's excessive rises have been corrected in past 3 years, also adding that real effective exchange rate shows that yen is weak, while also saying that yen may not weaken much further on real effective exchange rate basis.