【XEMJPY】The downside extension continues without restraint

In the post dated August 11th, titled “[XEMJPY] NEM in a state of endless Turkish lira,” we reported that NEM had broken below the 11.67 yen low it reached in December 2017. As of yesterday’s closing price, the low was updated, hitting 11.25 yen. Today, all eyes are on whether this low will be broken again. It is a market environment where finding a basis for a dip-buying is difficult.