Update on USDJPY: Jan 9, 2018

The BoJ tapered its bond purchases just a bit yesterday, sending the USDJPY marginally lower on the news.  The fact that it would taper at all was a bit surprising, but it appears the falling white channel will remain intact long enough for our next downside target to be tagged.The big question: will the trend continue or are they just buying a little time for EURUSD to backtest?

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