Retrospective: USD/JPY's 163 shelf gives way
USDJPY1DBullishpublished 03:08 · updated never, that’s the point
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A level that held for a full week broke in a single session and never came back.
USD/JPY held above the same shelf for a full week because dip-buyers kept defending it on every test, but the level gave way in a single session that took the pair from just above the shelf to several handles lower, and it has not traded back above that shelf since.