USD/JPY Set for More Losses

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Risk markets tumbled today after some concerning comments by Apple – the world’s second most valuable company – which sent out warnings that they won’t meet the March results due to the Coronavirus, as stores in China remain closed and the demand has hence been diminishing. Investors turned to safe-haven assets and currencies like the JPY are seen rising steadily.

USD/JPY is set to continue declining as risk-off fears come back to life. Several corporations have sent out risk warnings like apple which could further boost the risk-off environment. Should the support been broken, a quick move lower towards 108.55 is highly likely and we would like to SELL at 109.55 with SP at

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