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USDJPY: The Case for a Bullish Yen

From dailypriceaction.com

Today I’m going to show you why we may be about to see the Japanese yen strengthen across the board. We’ll discuss the technical triggers required for yen strength from the USDJPY and the JPY Index. USDJPY has been in rally mode since the start of 2023. But no healthy rally is without pullbacks, and USDJPY is no exception. The pullbacks in March and July come to mind, 820 and 780 pips respectively. While nobody knows if the pair will pull back from current levels, the odds are increasing, especially when we factor in the JPY Index. As discussed in today’s video, the JPY Index is holding strong above range lows. And ... (full story)

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  • Category: Technical Analysis