USDJPY Forecast

The USDJPY continued its bullish momentum yesterday, topped at 78.95 and hit 79.17 earlier today. The bias remains bullish in nearest term still testing 79.52. A clear break above 79.52 could trigger further bullish reversal scenario after hit the record low testing 80.23 even higher. Immediate support is seen around 78.70 followed by 78.27.

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