Still in the channel
The USDJPY scooted lower on the head line that 200B of tariffs on autos was likely. Well Juncker is in town and the auto tariffs are topic #1.
The price reached 110.80, right at the lower channel trend line. The 110.75-78 is a swing area (green numbered circles). Buyers leaned. The price moved back higher.
The channel holds.
The topside trend line comes in at 111.22 now (and moving lower).
