USD/JPY is testing a crucial support level.
BOJ rate hike expectations are growing on the back of strong data.
Key support levels are at 151.53 and 150.00, while resistance levels are at 153.91, 155.00, and 156.27.
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USD/JPY has found some support following a 150 pip drop during the Asian and early European sessions. The pair has found some support at a key confluence level where both the 100 and 200-day MA rests.
Will we
05-02-2025 10:27 GMT
by Zain Vawda