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USD/JPY looks for a more meaningful upside break on higher bond yields

USD/JPY looks for a more meaningful upside break on higher bond yields

The pair traded to a high of 137.91 earlier today but is now hovering around 137.50 levels. It is still up 0.3% and more importantly, buyers are looking to secure a break above key resistance in the form of its 200-day moving average (blue line), seen at 137.41 currently.

Hold above that and the bias will turn more bullish for the pair but keep below, and sellers will have incentive to stay in the game.

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Posted: Mar 8 2023, 08:53
Author Name: forexlive
Views: 110867

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