Preference: BEARISH Reference Area: 117.18-117.59 The safe-haven yen made a comeback as markets remain concerned about China’s economic condition and the fall of crude oil below $30 per barrel. Technical Analysis: USD/JPY remains under pressure, testing intraday key support at 116.50. If the support breaks, yen may continue to strengthen to 116.02-115.61. Note that hourly stochastic […]
