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Janpanese Yen Continues Depreciation, USD/JPY Bullish Towards 158.00

Veteran123

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USD/JPY has recently successfully returned above the 50-day moving average, signaling a bullish trend. If USD/JPY maintains above 156.00, it will head towards the nearest significant resistance level, ranging from 158.00 to 158.50. The potential intervention measures by the BoJ remain the main risk for the bullish.

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