![Close-up of market chart](/en-au/-/media/research/global/news-analysis/featured-image/2021/03/charts4v2.jpg)
In today's video we look at the USD/JPY spot chart after it printed a bearish hammer at a key resistance level. Whilst yield differentials suggest it could still break higher we need the bearish sentiment to ease off, as it could remove a pillar of support for the Japanese yen and allow USD/JPY to track higher. Therefore we highlight key levels we think that could be the difference between a deeper correction from its highs or continuation above 115, if breached.
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