USDJPY pennant pattern points to next move after 500-pip surge
USDJPY is consolidating in a bullish pennant after a 500-pip rally from 152.93. A break above 157.53-157.70 would confirm continuation toward 158.04.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
USDJPY is consolidating in a bullish pennant after a 500-pip rally from 152.93. A break above 157.53-157.70 would confirm continuation toward 158.04.
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USDJPY tests the 61.8% retracement at 157.536 after buyers defended the 50% midpoint, with key resistance at 157.90-158.04.
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