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USD/JPY Analysis Today 12/9: Losses Form Support (Chart)
(MENAFN- Daily Forex)
- The USD/JPY exchange rate continued its downtrend ahead of upcoming interest rate decisions from the bank of Japan and the US federal Reserve. According to Forex market trading, the pair fell to a low of 140.70 on Wednesday morning, its lowest level since January 2, 2024, and about 13% from its highest level this year. It then stabilized higher around the 142.45 resistance level after the announcement of US inflation figures, which helped the US dollar achieve its gains.

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