USD/JPY 10-minute chart
You can see how volatile the pair has been over the past three hours. The pair has oscillated within a 200 pip range throughout this period. And now we see another burst of selling pressure from 157.00 to 155.30.
This comes just after the open here in Europe, as traders feel the message from Tokyo earlier today.
The 155.00 mark will be crucial to watch. Break below this level and we could see USD/JPY selling resume this week.
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