USD/JPY clears first retracement hurdles

USD/JPY is at the highs of the day at 103.94.

The latest push breaks the 38.2% retracement of the Fri-Mon fall and clears the Jan 6 low. The next marks to watch are the 104.00 psychological level and the 50% retracement at 104.17.

USDJPY hourly chart

USDJPY hourly chart

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