High correlations are seen between JPY, S&P and CHF. On the daily chart we see a possible double-bottom in the S&P Future. USDJPY is after the pull-back near the break-out level. So there is a good opportunity for a USDJPY long trade with a low risk high reward ratio. That's why I did the following trade @ 1800 GMT:
USDJPY Long @ 107.80 with tight stop@ 107.45 Target: 108.30
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