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Hold Long USDJPY, Targeting Above 80.00

Hold Long USDJPY, Targeting Above 80.00

Ilya Spivak, Head Strategist, APAC

I entered long USDJPY at 78.67. The pair has surpassed my first objective at 79.53, with prices testing above the 80.00 figure. I will continue to hold long, targeting the next upside barrier at 80.39. The stop-loss will also be revised higher to be triggered on a daily close below 78.67.

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