Japanese intervention underway, USD/JPY is pressured towards key support – by fx_ross Japan USDJPY
USD/JPY is subsequently under pressure ahead of the open and fix in Tokyo. At the time of writing, the pair is trading at 148.50 and has printed a low of 148.41 from 148.71 the high of the day. The bull cycle high was set last Friday at 148.85. Below 148.40/50, there will be prospects of a retracement to 147.80.
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