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USD/JPY – Is the seasonality bearish factor in January will change the direction

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 1 Jan 2023
Category: USD/JPY
USDJPY analysis

Table of Contents

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 the pair in January is bearish.

Key levels for USD/JPY

Support1: 131.00

Support2: 130.25

Support3: 128.75

Resistance1: 132.20

Resistance2: 133.50

Resistance3: 135.00

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