USD/JPY Rebounds: Japan's Intervention Boosts USD/JPY

OANDA:USDJPY   U.S. Dollar / Japanese Yen
The strong recovery of the USD/JPY pair is attracting attention, reflecting Japan's intervention to temporarily address the weakness of the Japanese Yen (JPY).

Technically, on the chart, the strength of the upward momentum is clearly evident. The Relative Strength Index (RSI) is stabilizing around the 60 level, indicating a significant upward trend of this currency pair. Additionally, the price is gradually adjusting on the Simple Moving Average (SMA), signaling a positive indication of the potential continuation of the upward trend.

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