USD/JPY extends fall and runs into test of key technical level ...Middle East

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That is the first stop on the way down as highlighted earlier here. The BOJ has gotten the ball rolling on the Japanese yen and we're now just seeing things set in motion.A break below the 100-day moving average (red line) at 147.73 will see buyers surrender the recent upside bias. That will then put into focus minor support from the 38.2 Fib retracement level at 146.82 next. But as mentioned earlier, the big one to watch will be the 1 February low near 146.00 and the 200-day moving average (blue line) - seen at 146.11 currently.As the yen continues to build momentum ahead of the BOJ policy meeting later this month, those will be key levels to watch moving forward. Considering the recent tec

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