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USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here). Fresh weakness pressures 20DMA (149.06, where bears faced strong rejections in past two days) which offers good support, along with nearby 50% retracement of 146.53/151.20 upleg (148.87). Rising risk aversion ahead […]

The post USD/JPY: Pressure Lower Boundary of Near-Term Range Ahead of Tariff Announcement appeared first on Action Forex.

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