On the back of Dollar strength, the USDJPY is positioned for a rally to the 116.00 level that may extend to 117.00 should the market have any reason to expect an optimistic December Fed Dot Plot. Currently in correction, the USDJPY is likely to test 112.00 support level ahead of the next impulse wave.
Beyond Technical AnalysisTrend AnalysisUSDJPY

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