USD/JPY Technicals – Safe Haven flows strengthening Yen

Hourly Chart

Yen strengthened despite BOJ Minutes stating BOJ's clear intention to continue its easing policy. Price dropped to Last Friday's Low but have bounced back a little, trading back into L3/L4 region. A break of the low opens up L5 as a subsequent lower target, with the next level of support potentially around 81.5, which is the top on 16th Nov and acted as support on 20th Nov.

N225 Futures M5

Nikkei Futures have broken below L3 after price failed to push above of H3, hinting at risk-off sentiment for Asian Session. European and US Futures are also trading lower, adding weight on USD/JPY prices.

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