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USD/JPY Technical: Lethargic bulls below 145.50
USD/JPY’s two weeks rally ex-post BoJ’s flexible YCC implementation has almost reached a key resistance zone of 145.50/146.10. Rising of concerns about another bout of verbal FX interventions from Ministry of Finance officials to talk down the USD/JPY at around the 145.00 psychological level. Short-term momentum has turned bearish, risk of downside mean reversion towards […]...
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Posted: Aug 14 2023, 07:25
Author Name: marketpulse
Views: 022142