USD/JPY
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USD/JPY – Is the seasonality bearish factor in January will change the direction
The USD/JPY price lost significant gains by the end of the year, thanks to BoJ’s policy tweak. The daily chart shows multiple bearish crossovers. This shows a strong downtrend in play. The price is currently supported by a critical level of 131.00. However, the level looks feeble against the price action. The seasonality factor for […]
USD/JPY
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USD/JPY – Continued consolidation or continued trend?
The USD/JPY remained in a consolidation last week. The pair is eying the Bank of Japan’s meeting next week that may stimulate the market. Technically, the pair remains supported by the 200-day SMA. However, the support looks feeble and may be dominated by the sellers. The upside potential has been barred by the 20-day SMA. […]
