Usdjpy Monthly Breakdown

USDJPY has gone bearish on the monthly chart with a break of the prior two month lows. This is risk off for the equity markets: This puts the 1650-1700 area squarely in play on equities. I am still waiting for the backtest of the 21 ema on the daily to exit equity longs and hope it comes. Equity positions getting pummeled: Fantastic Superbowl last night: Peace, Om, SoulJester