Retail positioning in USDJPY continues to make new peaks with every day that passes, an all time peak of 87.18% of retail traders being LONG the pair has been reached today. Its a painful thing to see but as contrarians we maintain a short bias for intraday trading positions.
USDJPY is forming a squeeze formation over the last week or so, which is much like a spring being coiled for a break out. There are 2 fundamentally driven scenarios for this breakout:
1. If global uncertainty
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