USD/JPY heavy ahead of European morning trade ...Middle East

Going back to USD/JPY, a test of the 150.00 level beckons now. A break of that will draw in the 50.0 Fib retracement level of the swing higher since September at 149.22 next. Alongside that, the December low of 148.63 will also be a point of contention on a break of 150.00 in the sessions ahead.

This article was written by Justin Low at www.forexlive.com.

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