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USD/JPY Outlook (17 June 2021)

Dollar A.S. / Yen Jepang (FX:USDJPY)  
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FX:USDJPY   Dollar A.S. / Yen Jepang
Trend Analysis Forex macro supportandresistence technical trend USDJPY
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trendanalysis forex macro supportandresistence technical trend usdjpy
Overall, USD/JPY is trending upwards. Recently, USD/JPY strengthened and broke above the key level of 110 after the hawkish tone sent out by the U.S. Federal Reserve.

Currently, USD/JPY is testing the resistance zone of 110.800 and the next support zone is at 108.500.
Look for buying opportunities of USD/JPY if it breaks the resistance zone of 110.800.
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