We’re in the summer and ranges are common, but the Yen may be threatening a larger reversal as US rates continue to fall. View All Posts Post navigation Previous Post S&P 500 Testing Fibonacci Support as MACD Eyes CrossoverNext PostGBP/JPY IG Client Sentiment: Our data shows traders are now net-long GBP/JPY for the first time since Apr 26, 2021 when GBP/JPY traded near 150.30.