Update on USDJPY: Apr 3, 2016

When we last examined USDJPY, it was spurting up above the bottom of the broken purple channel which had guided its rise from 75 in 2011.  It looked like USDJPY was going to reassert itself as the principle driver of stock prices.  But, it topped out 4 sessions later at a lower high that reinforced a falling channel that’s almost two months old.

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