USD/JPY break of the 61.8% retracement confirmed by the bond market

USDJPY technical analysis Aug 5

USD/JPY longs have been the trade-of-the-year in the FX market in 2022 and today’s strong jobs numbers make it more likely the trend isn’t over yet.

The pair is up a whopping 220 pips today to 135.06.

Leo Domínguez

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