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USD/JPY Analysis Today 30/12: Bullish Flag Formation (Chart)
(MENAFN- Daily Forex)
- For eight consecutive trading sessions, the USD/JPY pair has been steadily rising, approaching the resistance level of 158.00, the highest level for the currency pair in five months.
- This stability has formed a bullish flag on the daily chart, confirming the bulls' control over the direction of the USD/JPY pair.
- Also, bringing it closer to the next psychological resistance target of 160.00, which would increase talk of imminent Japanese intervention in the currency markets.

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