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USD/JPY: Extended weakness on a break below 112.62 support line – DBS Bank

FXStreet.com
 2021-12-02

Cover picture for the articleUSD/JPY has reversed lower from a recent 115.52 high. A sustained decline under 112.62 opens the downside towards 110.58 as technical indicators remain overbought with trend intensity picking up momentum, Benjamin Wong, Strategist at DBS Bank, report. “Given intermediate trend support pegs 112.62, USD understandably pushed back higher from...

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