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USD/JPY Update: Price Remains Below 100-Day MA Keeping Downside Risk in Play

November 16, 2022

Via: DailyFX


USD/JPY dropped lower Tuesday during the US session as a softer US PPI print for October saw the dollar face renewed selling pressure. The pair bounced from lows around 137.60 before rallying in Asian trade to a high of 140.300. The bounce and dollar reprieve came about as a consequence of rising geopolitical tension as rumors of a missile attack on NATO member Poland filtered through.

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