USD/JPY faces resistance at Monday's high

28 June 2016, 19:21
Sherif Hasan

USD/JPY nears Monday's high of 102.48

The pair is just a couple pips below Monday's high as stock markets open. It's bounce day but will it be of the dead cat variety?

The strength of the bounce is often a good indicator of the strength of the trend. Stocks and USD/JPY will need to put up a great performance today to convince anyone that the floor is in.

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