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USDJPY extends its retreat from recent 38-year high The bears tested 200-day SMA for first time since January 9 Momentum indicators start to warn of oversold conditions USDJPY has been in a steady retreat from its 38-year peak of 161.94, falling to an almost three-month low on Wednesday. Meanwhile, the pair has reached a tipping point as it […]

The post USDJPY’s Decline Faces 200-Day SMA appeared first on Action Forex.

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