USDJPY is moving in a nice upward trend and it seems that it will continue its momentum and move towards 95.00 level. The current momentum might extend towards 95.80 level. But before continuing its upward trend, we might see USDJPY taking some retrace towards 94.50 level and around that level, we might be seeing traders entering USDJPY for targets above 95.00 level.
On the lower side, the dip could extend to 94.00 level and if USDJPY breaks below that level, then the next support can be seen around 93.50 level.
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