USDJPY will strengthen if the Bank of Japan does not intervene

Long

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)

FOREXCOM:USDJPY U.S. Dollar / Japanese Yen

By examining the trend in the daily time frame, USDJPY has a very important support in the range of 153.58 and it seems that if it is maintained, it has targeted the resistance range of the ceiling of the ascending channel in the range of 157.96-157.12.

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