USDJPY Strategy: Continue to increase steadily!
Greetings, everyone! Today, USDJPY has continued its triumphant rally, with trades soaring above the 151.00 USD mark. The pair successfully closed above the resistance level of 150.700, hinting at the potential for further ascents. This surge comes on the heels of the Japanese Yen hitting a multi-month low following the Bank of Japan's modest rate hike on Tuesday. The hawkish expectations from the Fed are set to fortify the US Dollar, further buoying the USD/JPY pair.
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