USDJPY breaks key support level, eyes on 100-day MA ...Middle East

The USDJPY saw a notable decline during the U.S. trading session, with its downward movement intensifying after breaking below the critical 148.00 level. This break led to a sharp drop, bringing the pair to 147.33, a significant swing low that previously marked the beginning of a rally to the recent Wednesday high. For a stronger bearish sentiment to take hold, the pair would need to breach both 147.33 and the November low of 147.143.Looking at the daily chart, a fall below 147.1403 would shift focus to the rising 100-day moving average, currently at 146.90. Historical patterns show that previous tests of the 100-day MA, such as on July 14 and April 26, resulted in the price rebounding from

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