USDJPY Forecast

The USDJPY had a bullish momentum yesterday after the intervention, topped at 79.52. Price closed lower at 78.30 but still able to stay above 77.80 so far, keep the technical bullish reversal outlook intact, still testing 80.23, 81.46, 82.22 even 85.51. On the downside, a clear break and daily close back below 77.80 could be a threat to the bullish outlook testing 76.30 area even aiming for another new record low as we might have another intervention failure.

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