USDJPY nosedives below 50% midpoint as bearish trend persists ...Middle East

The USDJPY is extending the trend move to the downside and has extended to a new session low. In the process, the price has moved below its 50% midpoint of the last trend move higher from the July low to the November high. That midpoint level comes in at 144.572.Earlier today, Bank of Japan Ueda hinted of a policy change in 2024 (moving off of its negative rate policy). That sent the JPY higher (the USDJPY sharply lower - as well as all the JPY cross-currency pairs). However, support at first held against the 50% midpoint. The newest move lower crashed through the midpoint level, and will now have traders looking toward 143.880 (was a swing high from early August). Move below that level a

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