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USD/JPY: Break Through $143.593 or Face a Deep Correction?
The USD/JPY chart reveals an intense battle between buyers and sellers as the price hovers around $142.215. The support level at $141.682 acts as the final "shield" against any deeper declines.
The current focus is on the key resistance at $143.593. If USD/JPY can break through this level, the path to $146.010 will open, offering a chance to reach new highs.
However, if buyers fail to maintain momentum and the price falls below the $141.669 support, the pair may face a strong correction, pushing the market into a high-risk zone.
Crucially, major economic news from Japan and unexpected moves from the BoJ will be decisive factors, with the potential to shift the course of this battle at any moment.
Will USD/JPY rise to the challenge or retreat under market pressure?
The current focus is on the key resistance at $143.593. If USD/JPY can break through this level, the path to $146.010 will open, offering a chance to reach new highs.
However, if buyers fail to maintain momentum and the price falls below the $141.669 support, the pair may face a strong correction, pushing the market into a high-risk zone.
Crucially, major economic news from Japan and unexpected moves from the BoJ will be decisive factors, with the potential to shift the course of this battle at any moment.
Will USD/JPY rise to the challenge or retreat under market pressure?
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