Currently, USD/JPY is trading at 109.01. Last week this pair started a new uptrend and now is moving towards its support level at 108.77. If it breaks the level of support at 108.77, it may enter into a downtrend and then the first target will be at 108.07.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat