| The USDJPY experienced a boost following comments from BOJ's Ueda, which pushed the pair above its 200-hour moving average. However, the excitement was short-lived as the currency pair saw a subsequent rotation back below this key technical barometer, posing a challenge for buyers. Join us as we delve into the technical analysis, examining the implications of the recent price action and discussing potential hurdles the USDJPY may face in the near term. |
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