USD/JPY Technical Analysis: Stability is Bullish

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USD/JPY Technical Analysis: Stability is Bullish
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At the end of last week's trading, the price of the $USDJPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again.

Enter your emailAt the end of last week's trading, the price of the USD/JPY currency pair is stabilizing this week, as it is the closest to breaching the 130.00 psychological resistance again.

Inflation is putting pressure on household incomes and pushing global central banks into a corner where there are few good policy options. Which is why the market is likely to pay close attention to Federal Reserve Chairman Jerome Powell when he talks about inflation at the Wall Street Journal's Future of Everything festival in New York on Tuesday.

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