USD/JPY Squeezed By Moving Averages

<p>The USD/JPY currency pair has revealed a short-term ascending channel. During Monday morning, the pair was trading near the lower channel line at 107.60. From a theoretical perspective, it is likely that some upside potential could prevail in the market. However, note that the exchange rate would have to surpass the 200-hour SMA near 108.00. […]</p>
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