MACRO VIEW: USDJPY HOLDS LONG TERM GROUND

2015년 8월 24일Despite today's sharp selloff in the dollar, USDJPY holds long term ground

The price held 1-year (264-day) mean standing at 117.60

The price also did not fail its relevant lows at 115.40

Thus USDJPY is likely bounce back up now

However, risk of more downtrend remains as price trades below 1st standard deviation from quarterly (66-day) mean at 122.25