USD/JPY to test 94.00 area in July - Mizuho

The Dollar's decline against the Yen from 98.89 in early June has continued during the month to break 97.30, 96.10 and 95.60 supports in the last 3 weeks to trade close to 95.50 level. Nicole Elliott, Senior Technical Analyst at Mizuho Corporate banks, expects the USD/JPY to fall further toward 94.00 zone, breaking the June low at 94.45, reached on June the 1st.

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