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USD/JPY takes out December 14 low

Following on from an earlier update this morning, covering the USD/JPY price action and the potential for the dollar to extend on the downside, if it took out the December 14 low, that has now happened. The dollar has fallen below 140.97 and extended the move lower to 140.73 so far. It seems that stops and fresh system sellers are impacting the move lower and in the current mood it is not easy to say there this might ultimately end up. The obvious level from here on in that respect would be to highlight the 140 handle and ahead of that there is not much else to see from any kind of technical perspective. The USD/JPY is currently trading at 140.79 

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