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USDJPY News

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Last Updated Date: 19 March 2021 @ 9:00 AM (UTC)
*Please note that all the dates are in GMT time zone

The yen dipped briefly after the Bank of Japan widened its target band for the benchmark yield in a decision that was in line with market expectations.

The USDJPY market is showing a bear downturn and potential for a selling wave to 108.40 as well as potential to 107.90. A drop through 107.90 will foster continuation selloffs today. Any congestion under Tuesday’s range high will keep the market setup in a bear flag.

Resistance 2       109.38
Resistance 1       109.10

 
Support 1            108.64
Support 2            108.40


 
 
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