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The recent week of Japanese yen weakness is likely driven by “political jawboning” The current jump in the JPY implied volatility index has reached an overstretched condition that suggests a potential pause in the recent USD/JPY’s up move. A break below 143.60 intermediate support on the USD/JPY may trigger renew weakness. Since our prior publication, […]

The post USD/JPY Technical: Recent Mean Reversion Eebound in US Dollar Strength May Have Hit a Ceiling appeared first on Action Forex.

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