USD/JPY Price Analysis: Bullish fundamentals meet a technically bullish chart bias USDJPY Technical Analysis Currencies
USD/JPY bulls eye a -272% of the prior bearish correction's range at 133.70.could be about to make a move to the upside for this week's initial balance range as the Asian shares fall on Monday.
Risk-off themes have tended to benefit the US Dollar lover of the Japanese currency as the Yen lost some of its appeals as the currency of choice to fund so-called carry trades at the turn of last year. Speculators cut bearish bets on it to the lowest level in nearly four months in the wake of December's shock move by the Bank of Japan.
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