USDJPY - Long - Bullish Falling Wedge Breakout
We still see USDJPY going up despite slow price action and our first target for the Bullish Falling Wedge Breakout is the resistance level at 106.878. A bounce in equity markets after an easing of US/China trade relations could lead to increase in risk off sentiment but there could be key price action on the back of key US data this week starting with US ISM manufacturing tomorrow.