USD/JPY: 125 set to provide strong topside resistance – MUFG USDJPY BOJ Japan Banks
will meet strong upside resistance at the 125 level in the near-term despite changes in the external environment. “We think it will be difficult to break 125 level. The USD/JPY's move to 125 on 28 March was followed by government official scrambling to talk the yen up on the next day.”
point until the 9 May 2002 high of 129.15, and would even have to consider the possibility of a rise to the 130 level.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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