The USD/JPY dropped today and retested a broken dynamic support (resistance turned into support). Price increased sharply in the yesterday’s trading session as the Yen was punished by the Nikkei’s further increase. The Japanese stock index has managed to touch fresh new highs in the morning, has climbed as much as 21392 high, but failed to stay there and now is trading below the 21350 yesterday’s high. I’ve said in the last day’s that the JP225 could drop a little after the impressive rally, this situation will send the Yen higher. However, Nikkei’s further increase will force the Yen to depreciate. The greenback ... (full story)