USD/JPY Surges Past 130, US GDP Contracts 1.4%

<p>Key Highlights USD/JPY started a fresh surge and cleared the 130.00 resistance. It traded to a new multi-year high and spiked above 131.00. EUR/USD extended decline below 1.0550, and GBP/USD traded below 1.2500. The US GDP contracted 1.4% in Q1 2022 (Prelim). USD/JPY Technical Analysis The US Dollar remained well supported near the 127.00 zone […]</p>
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