Sell USDJPY at 111.30
The USD/JPY pair trades lower as risk aversion fueled demand for the safe-haven currency.
The pair plummeted at the beginning of the day after Wall Street's sharp decline weighed on Asian equities, further weighed through the day by the continued weakness in US Treasury yields, with the 10-year note benchmark falling down 2.39%.
The technical outlook is bearish according to MACD weekly chart, with technical indicators heading sharply lower.
We have entered a sell USDJPY trade at 111.30.
The pair plummeted at the beginning of the day after Wall Street's sharp decline weighed on Asian equities, further weighed through the day by the continued weakness in US Treasury yields, with the 10-year note benchmark falling down 2.39%.
The technical outlook is bearish according to MACD weekly chart, with technical indicators heading sharply lower.
We have entered a sell USDJPY trade at 111.30.
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