Technical Analysis

USD/JPY hits 150.00, a bit of a wrestle at the key level

The pair is getting a bit jumpy around the 150.00 mark but if you ask me, I wouldn’t label it as intervention. Profit-taking and position squaring seems more plausible as we take a run at stops above the figure level, with the high hitting 150.07. There is some pushback now towards 149.90 as buyers are still relatively cautious for the time being.

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