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USD/JPY Price Analysis: Bulls need to show up or 131.00 is a viable target
USD/JPY bears eye 131.00, a level that could easily come back under pressure for the days ahead. Meanwhile, bulls will need to commit at 4-hour support. USD/JPY is at 133.40, up from 132.74 as of Thursday's Tokyo stock market close. Currency markets were broadly calmer on Thursday after Credit Suisse said it would borrow up to $54 billion from the Swiss National Bank to shore up liquidity and investor confidence. This has left the Yen sideways vs. the US Dollar, near to trendline resistance in USD/JPY as the following illustrates: chart The market is on the front side of the bearish trendline, submerged by the ... (full story)