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USDJPY retests the old 2023 swing highs

The USDJPY ran to the downside over the last few hours from a combination of the Fed Chair saying that the banking pulling back on lending, lowered the terminal rate for the Fed, and the news around the same time that the US debt ceiling talks had stalled. US yields moved lower. The USD moved lower.For the USDJPY, it fell back below the old swing highs from March and May 2023. Those lows come in at 137.76 and 137.91. The low reached 137.414 before rebounding back higher. The current price is tr... Read More

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Usdjpy

Retests

2023

Swing

Highs

Forex

Posted: May 19 2023, 16:34

Author Name: forexlive

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