The USDJPY has fallen 9 days in a row, the longest falling stretch since 2011. I think that a retracement is well overdue and the last line of support before the next target will provide the excuse to move up.
I see USDJPY drops tempered by the US raising rates, possibly in April.
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Many people think fundamentals and news don't affect currencies behavior. But, I think that we have to cherry pick what we need from that to complete our analysis. I am thinking as well that this pair is going North for now.