USD/JPY lost ground last week, as the yen gained 70 points. The pair closed slightly above the 119 level, at 119.10. There are six events this week. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY.
The yen posted gains last week, taking advantage of weak US numbers, in particular weak US retail sales. There were no major Japanese data last week.
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