USDJPY At Risk Of Breaking Down
USDJPY At Risk Of Breaking Down
The USD/JPY pair has lost its upward momentum and appears poised to break below the ascending channel that has supported its rise since September. A key support level to watch is 151.50, which could serve as the first line of defense in the event of a downside break. It’s important to exercise caution when holding long positions at current levels, as the risk of another Bank of Japan (BoJ) intervention looms large.
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