USD/JPY dipped lower to 157.99 last week but recovered since then. Initial bias remains neutral this week first. On the downside, below 157.99 will extend the fall from 159.76 to retest 155.22 low. In case of another rise, strong resistance could emerge from 159.59 to 160.62 zone (50% and 61.8% retracement of 163.97 to 155.22) […]
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