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USDJPY Sell-Off Continues Into Week's End

The USDJPY continued losing ground today and the market has now fallen lower for four straight days. If this downward momentum continues into next week, we could see the market move down into the support zone between 92.55 - 90.85 area. Clearly, near-term momentum / trend is down right now and we favor the short side at least early next week or until we get an obvious price action buy signal on the 4hr or daily charts from support.

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