USD/JPY Price Forecast – US Dollar Continues To Be Sluggish

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By Christopher Lewis

usd/jpy


 The US dollar continues to be very sluggish against the Japanese yen, as the market continues to look at the ¥110 level as crucial. If we can break above there, then it would be a major turn of events. In the short term though, it’s very unlikely to get any real estate behind it.

 The US dollar initially tried to rally during the trading session on Monday but gave back the gains in order to have a relatively flat session. 

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