India-Pakistan escalation opens door for further USD/JPY falls

USD/JPY is dropping on a risk-off sentiment related to the reported downing of two Indian planes by Pakistan in what serves as another escalation of the conflict related to the disputed Kashmir region. What’s next for the pair? The Technical Confluences Indicator shows that dollar/yen faces fierce resistance at 110.66 which is the convergence of the Fibonacci 61/8% one-week, […]

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