USD/JPY is hitting new highs as the Bank of Japan remains unchanged and does not hesitate to take additional easing measures. The key purpose is to stabilize domestic prices, not to control foreign exchange trends.
USD/JPY is at a new high on the D1 chart, hitting 136.708. At present, the dollar against the yen has a very large potential to rise. Can focus on the 137.753 position. Once this area is broken, it will continue to make new highs.
After the price of the H1 chart pulled back, it stopped at the key support level of 135.331. The H1 chart has also formed a morning star chart pattern, which has a high probability to indicate that the market correction has come to an end. Suitable for continuing to see more.
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