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USD/JPY. Analysis and Forecast
The USD/JPY pair is under pressure
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The USD/JPY pair is under pressure after encountering resistance around 153.75. Market participants remain highly cautious amid the risk of potential joint intervention by Japan and the United States to stabilize the yen. Moreover, the divergence in monetary policy approaches between the two countries, particularly regarding interest rates, continues to limit the pair's upside potential.Disappointing fourth-quarter GDP results from Japan, released on Monday, are likely to weaken arguments in favor of further monetary tightening by the Bank of Japan, which
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Irina Yanina,
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