 USDJPY breaks major support The Japanese yen soared after the BoJ unexpectedly relaxed its yield cap. The previous rebound quickly had turned into a bull trap at 137.80 under the 20-day moving average. The sharp fall below 134.50 is a sign of liquidation, invalidating the recovery attempt. The August low of 130.50 is a critical ... The post Intraday Market Analysis JPY consolidates gains appeared first on Orbex Forex Trading Blog... 