USDJPY breaks the multi week range.

The USDJPY finally picked a direction and the move below the 109.60 support triggered a double top (intraday triple) which should eventually see the 108.75 level. We’d expect any rally overnight back to the 109.60 previous support to find sellers. Keep in mind the pair has been consolidating in a slight ascending channel since March with key support at 108.50 near term.