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USD/JPY Breaks Bull Trigger to Hit Multi-Decade High

JPY
  • USDJPY rallying into the London close here, taking out the bull trigger at 131.35 - the May 9 high - in the process. The pair now touches 131.43 - the highest rate since 2002.
  • Today's break higher confirms a resumption of the primary uptrend and open 131.96, a Fibonacci projection. Initial support remains at 128.63, the 20-day EMA.

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