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USDJPY nearing resistance after strong run
Looking at $USDJPY, we've seen a significant push higher over the last few sessions, primarily on rate divergence expectations. However, we're now approaching the 152.00-152.50 area, which has acted as a ceiling previously. While the bullish momentum is clear, I'm anticipating some resistance or at least a deceleration around these levels. Does anyone have a contrarian view or see a clear catalyst for a sustained break above 152.50?
1 comments · 1 points
I agree that 152.00-152.50 is a significant zone. However, with the BoJ's recent dovish stance reiterated, I wonder if the market will test through this resistance with more conviction this time, especially if US data remains strong.