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USD/JPY clings to 142 again for the time being- will it crack at the next attempt?
Earlier this morning an update here noted the USD/JPY falling back for another test of the 142 handle. Well, subsequent to that update the dollar did fall further and it did test the prior 2025 low, at 142.07. The low seen was set at 142.11. It then rebounded back to just above 142.50, but that rebound is giving way again and right now the dollar is falling back once more. The risks of a drop below that 142 handle remain as live today as they were when noted here earlier. There might be stops in place below 142.07 and 142 itself, but that cannot be confirmed here. The USD/JPY is right now at 142.17
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