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USD/JPY Bullish Break Above 161.95 Signals Further Yen Weakness

MarketPulse by OANDA Group· ·2 min read · 0 reactions · 0 comments · 4 views
USD/JPY Bullish Break Above 161.95 Signals Further Yen Weakness

The price action of USD/JPY has advanced northwards as expected and cleared the key resistance level of 161.95, following the FX intervention in July 2022. Today, yen weakened to a 40-yr low

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