USD/JPY bulls trying to force intra-day recovery
- Heavy market showed by long shadows on recent hourly candlestick lines
- Bulls hurt further by latest hourly close back below 118.07 pivot point
- Spot sold since Asia came in, down from the 118.66 session high
- Nikkei futures have been softer side in Europe
- 48/72 hr log correlation between Nikkei futures & spot is +0.55/+0.66
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