USD/JPY fluctuates in a range around the 149.00 mark

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During the Asian session on Wednesday, the USD/JPY pair encountered difficulties in gaining significant momentum and instead remained within a narrow trading range. Currently, it is hovering around 149.00, slightly below Tuesday's peak which reached its highest level since October 2022. The minutes from the Bank of Japan (BoJ) policy meeting state that there have been minimal changes.

There is somewhat weaker resistance at around 149.20 for the USD/JPY pair, but it is anticipated to continue its upward trajectory towards the crucial resistance level of 150.00. This asset has benefited from dovish interest rate guidance by BoJ Governor Kazuo Ueda as well as a robust US dollar amidst cautious market conditions.

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good luck everyone

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The US Dollar Index (DXY) refreshed a 10-month high around 106.20 as Fed policymakers advocated further tightening of monetary policy to ensure price stability.

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USD/JPY continues to increase as expected

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Today, Japanese Finance Minister Shunichi Suzuki once again warned against speculative transactions in the yen, as the USDJPY exchange rate is approaching its lowest level in the past 11 months with the 150 threshold as the target. potential spending. Although the Minister did not confirm any plans to introduce interest rate controls or interventions, all options are kept there to address excessive currency volatility. .

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