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USDJPY targets immediate resistance

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  • Once again worth keeping an eye on the USDJPY and the 2024 high and the highest print since November at 150.89, just 10 pips off that level now.
  • The move is more a function of a broader USD bid, with US Yield fairly steady, but overall still closer to their highest levels for 2024.
  • A clear break through the 151.00 figure, will open to 151.43 High Nov 16, followed by the big one at 151.95/152.00 the 2022 high and Psychological level, also the highest print since September 1990.

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