USD/JPY Weekly Outlook

USD/JPY edged higher to 159.44 last week but retreated since then. Initial bias remains neutral this week first and more consolidations could be seen. Deeper fall cannot be ruled out. But still, outlook stays bullish as long as 156.10 support holds. On the upside, break 159.44 will resume the rise from 139.87 towards 161.94 high. […]
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