USDJPY nosedives below 50% midpoint as bearish trend persists ...Middle East

The USDJPY is extending the trend move to the downside and has extended to a new session low. In the process, the price has moved below its 50% midpoint of the last trend move higher from the July low to the November high. That midpoint level comes in at 144.572.Earlier today, Bank of Japan Ueda hinted of a policy change in 2024 (moving off of its negative rate policy). That sent the JPY higher (the USDJPY sharply lower - as well as all the JPY cross-currency pairs). However, support at first held against the 50% midpoint. The newest move lower crashed through the midpoint level, and will now have traders looking toward 143.880 (was a swing high from early August). Move below that level a

Hence then, the article about usdjpy nosedives below 50 midpoint as bearish trend persists was published today ( Thursday 07/12/2023 - 07:20 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 07 Dec 2023 clock 07:20 PM

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USDJPY nosedives below 50% midpoint as bearish trend persists ...Middle East

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