USD/JPY taking out the key support from last week
USD/JPY sees another downside leg as it takes out the 155.20-00 support from last week, accelerating down to the next 154~ larger support area, with 152.20-00~ area still the bigger pullback target further out. While US CPI this week could still cause some noise, it looks like there is quite a significant current positional adjustment coming through and sentiment shift on the yen, which is playing to better selling into dollar bounces here. It is notable that the current action comes despite the current renewed upside on oil.
CHF/JPY is down to almost 190~ area now from the 200-204 tops, and still looks to be shaping a slow rolling top on the rotation away from JPY