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USD / JPY resistance
The USD / JPY bounced back well on dollar inflows after the entry into force of the Powell sale. There is a major cross-sectional current with a sense of positive risk struggling with the lack of transparency of the Fed.
If you want to sell the USD / JPY pair, the 61.8% retracement level is the one to watch in the short term.
But if you want to sell the USD to the Fed, there are probably better places than the USD / JPY.
ForexLive
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