USD/JPY dropped further to as low as 78.46 and met mentioned target of 61.8% projection of 85.51 to 79.56 from 82.22 at 78.54 and then recovered. At this point, we’d favor another fall as long as 79.85 minor resistance holds. Below 78.46 should bring another decline towards 75.98 low. On USD/JPY Daily Outlook

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