4hr MJY1! 8/7/16 E-MICRO JPY/USD CME_MINI:MJY1! TradingThePhi This is the futures of USDJPY0.00%% , which is JPYUSD0.00%% . The spot price, USDJPY0.00%% , is the inverse of this chart. Great short for this pair, which is long USDJPY0.00%% . Should see a minor low, .9250 is my tgt0.00%% area currently and once this is achieved we should reverse and rally. When MJY1! is at .9250 this would be a great short in USDJPY0.00%% .