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Back Fundamental analysis
USD/JPY: Pushing through 159 level raises crash risk
USD/JPY is displaying a pronounced northward
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USD/JPY is displaying a pronounced northward trend. In early May, sellers drove the pair to a three-month low at 155.05 but failed to hold that area. Buyers immediately regained control and climbed roughly 400 pips in two weeks. For a second day, they have been testing the 159 level in the context of general dollar appreciation, and on current momentum, the pair looks set not only to hold this area but also to probe resistance at 159.40 — the upper
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Irina Manzenko,
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Irina Manzenko
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