USDJPY falls below 100-day MA, Investors eyeing 148.00 now. Sellers had their shot ...Middle East

The USDJPY fell in the Asian session in the process extended below the low price from last week at 147.14 and then the 100-day moving average at 146.98. The move below the 100-day moving average was the 1st since April 2023. It should have led to lower levels and indeed the price did extend down to 146.66. However, there was some buying and when the price went back above the 100-day moving average, sellers turned back to buyers. There was one final retest before more buying entered.A comment from BOJs Adachi said that a big policy decision will have to wait until next year's wage talks, and it's difficult to end negative rates until a positive wage-inflation cycle helps to weaken the JPY and

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