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USDJPY advances curbed by 129 handle, but bullish tone holds
video USDJPY has recorded a 20-year high of 129.40 within the 129.00-129.57 resistance area, shaped by the highs from the first half of May 2002 and the latter being the inside swing low from mid-April 2002. Currently, the pair is exhibiting a pause in its near two-month rally from 114.40 but the climbing simple moving averages (SMAs) continue to sponsor the sturdy bullish trend. Furthermore, the rising Ichimoku lines are endorsing persisting upside forces, while the short-term oscillators are reflecting the fresh snag in the uptrend of the pair. The MACD, far north of the zero mark, is holding firm above its red ... (full story)