USD/JPY Technical: 148.40/85 Reached. What’s Next?

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<p>BoJ Governor Ueda’s press conference is likely to be a pivotal moment in guiding market participants’ expectations toward monetary policy normalization away from negative interest rates. Bullish exhaustion elements were sighted as the USD/JPY rally hit the 148.40/85 key medium-term resistance. The 10-year JGB yield has continued to inch higher to a decade-high of 0.75% [&#8230;]</p>
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