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$USDJPY | Parity onward bound

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FX_IDC:USDJPY   USA-dollar/Japansk yen
It's the year 2014 all over again. That's where most currencies are priced with exception of USDCAD, which should be in the $1.15 range and lower. As for USDJPY, priced like it was in 2014, but back then, pricing was in an upward trajectory. Fast forward to today's markets, and the opposite is happening. Could it revisit parity ? The technicals say so. It has breached the long term ascending trend line and continues to sit below that level, while other USD cross pairs continue to weaken ; EURUSD, GBPUSD and falling world equity markets. As long as price action stays below 49EMA, the trend is still down, but if there's a 28EMA cross over into the 49EMA, watch out below.

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