The USDJPY squeeze higher continues.
The USDJPY has broken above the 2024 high near 161.95/97 , and the breakout has been accompanied by strong buying momentum. The pair initially surged to 162.399 before rotating lower, but buyers stepped in at 162.04—just 7 to 9 pips above the breakout area—confirming the old resistance level as new support.Later in the North American session, the pair pushed to a fresh high of 162.508 before another sharp pullback took the price to 162.025.
Related Symbols:
USD
EUR
JPY
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