Technical Analysis – USDJPY hits fresh 16-month low; bearish in the short- and medium-term

USDJPY has experienced considerable declines in recent days and in the bigger picture ever since reaching a four-month high of 113.74 on December 12; the pair has shed 7.6% since recording that peak. Earlier in Friday’s trading, USDJPY posted a 16-month low of 104.63. The Tenkan- and Kijun-sen lines are negatively aligned, projecting a bearish […]