USDJPY Forecast

The USDJPY had a significant bullish momentum earlier today in Asian session after an intervention by the Japanese government to weaken the Yen, broke above 77.80 and hit 79.50. Technically this fact signals a bullish reversal scenario, testing 80.23, 81.46, 82.22 even 85.51. Previous interventions this year were failed, and another movement and daily close back below 77.80 would be another failure for the Japanese government.

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