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USDJPY News

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Last Updated Date: 11 March 2022 @ 1:29 PM (UTC)
*Please note that all the dates are in GMT time zone

The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week.

The USDJPY market is bullish with yesterday’s rally hitting the expected 116.35 target. The formation still suggests advances and a surge over 116.35 implies a run to 117.56. Near term trade may ease back into flagging congestion, but staying over 116.35 keeps trade biased to the upside. A close under 115.80 is needed to start a bear turnover.

 
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