USDJPY extended sell-off sparked by the recent BoJ move and broke below the 132.00 level. One of the most traded currency pairs fell nearly 600 pips only during today's session and if current sentiment prevails support at 130.60, which is marked with previous price reactions, may be at risk. Should break lower occur, next support to watch can be found at lower limit of the descending channel and 50.0% Fibonacci retracement of the upward wave launched in January 2021.
USDJPY, D1 interval. Source: xStation5
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