USD/JPY 040424 4h Chart
USD/JPY remains stuck near the key 152.00 level. The yen remains fundamentally weak due to the ultra-dovish policy of the BoJ. However, USD/JPY bulls are worried that BoJ will intervene to protect the yen in case USD/JPY settles above the key 152.00 level.
The technical picture is bullish. RSI is in the moderate territory, and there is plenty of room to gain momentum. A successful test of the 152.00 level will likely trigger a strong rally if BoJ fails to support the yen.
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