USDJPY higher on the day and trying to hold swing area support

The USDJPY is trading higher on the day, extending further above its 100-hour and 200-hour moving averages at 161.83 and 161.98, respectively. The rally has also carried the pair above the former 40-year high from 2024 near 161.95, an important technical level that should now be viewed as support. Today's low reached 162.07, just above that breakout point,…

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