A weaker USD is leading to further pressure on the JPY which is currently breaking the support area.
USDJPY was a great sell entry at 107.05 with SL at 107.90.
Meanwhile, Japan’s March jobless rate rose to its highest in a year, while job availability slipped to a more than three-year low, as official data showed. As recession fears mount, we could see USD/JPY heading much lower, which is why we don’t have a profit target for now.
