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USD/JPY. The election results in Japan weakened the yen
Today, USD/JPY reached a three-month high
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Today, USD/JPY reached a three-month high and tested the 154.00 resistance level (upper line of the Bollinger Bands indicator on the D1 timeframe). USD/JPY opened the week with a gap up. Friday's closing price was 152.30, and today's opening was 152.94, leaving the gap unfilled. The yen is under intense pressure following the unexpected and, arguably, sensational results of Japan's snap parliamentary elections. Factors already challenging USD/JPY sellers—such as the Bank of Japan's indecision and inflation deceleration—are now intensified by
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Irina Manzenko,
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