USD/JPY Set for a Possible Retest of 147.30, Analysts Predict
Recent analysis indicates that the U.S. dollar (USD) may be poised to retest the 147.30 low against the Japanese yen (JPY). Analysts from UOB Group believe the next support at 147.00 is likely secure, though there is an increasing chance for downward momentum. Signals suggest that USD could weaken further to reach 147.00, depending on market conditions. Traders should stay alert as the currency pair approaches this critical level.
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