USDJPY Currency Trading News: September 13

USDJPY Currency Trading News: September 13|USD/JPY Chart|Trade USD JPY

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Persistent concerns about the state of the global economy have resulted in increased demand for the Japanese yen as compared to its US counterpart.

The bearish sentiment saw the USDJPY fall significantly from its early-April peak around 85.50, to currently be trading around 77.00.

Should the 77.00 region be taken out by the bears, we could see an accelerated decline towards 75.00.

In order to catch the breakdown, aggressive traders can consider setting on stop sell orders just below last night’s low of 76.75.

If shorts are considered, stops should be placed above 78.00 for protection.

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