USDJPY Bulls Test Japanese Authorities’ Resolve

<p><img width="509" height="339" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-jpy40.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p>
<p>USDJPY edges lower after Tuesday’s sizeable rally Heightened risk of intervention as USDJPY is comfortably above 150 Mixed momentum indicators complicate the outlook The lack of JPY-positive announcements at Tuesday’s BoJ meeting opened the door to a sizeable move in USDJPY. It bounced off the lower boundary of its medium-term upward trending channel and now [&#8230;]</p>
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