USD/JPY remains on the back foot for the second consecutive day after refreshing the Year-To-Date (YTD) high, pressured around 145.50 amid early Frida
USD/JPY extends the previous day’s pullback from YTD high, stays pressured near intraday low of late.
Seven-week-old horizontal support, 200-SMA prod sellers on their way to 137.50 theoretical target of rising wedge.remains on the back foot for the second consecutive day after refreshing the Year-To-Date high, pressured around 145.50 amid early Friday morning in Europe, as market players seek more clues amid a lackluster end of the week.
However, a horizontal area comprising multiple levels marked since late June, around 145.10–144.90, challenges the immediate downside of the Yen pair.
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