USD/JPY Outlook: Fresh Demand for Safe-Haven Yen Increases Pressure on USD/JPY Pair

<p>The pair fell to the lower side to a week-long congestion, pressured by fresh demand for safe-haven yen and fall of EURJPY (cross dropped to new three-year low on Thursday) on weaker euro after disappointing European PMI data. Near-term structure weakened after Wednesday’s failure to close above cracked 10DMA (which caps the action in last […]</p>
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