USD/JPY Technical: Bullish Tone Resumes, 148.20/85 Next Resistance to Watch

<p>USD/JPY cleared above 145.50/146.10 resistance that confluences with BoJ’s FX intervention conducted on 22 September last year. Primary driver of USD/JPY rallies has been a weak Chinese yuan and rising sovereign yield premium of the 10-year US Treasury over the 10-year JGB. The next medium-term resistance to watch will be at 148.20/85 on the USD/JPY. […]</p>
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