USD/JPY Outlook (13 January 2022)

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Overall, USD/JPY is trending upwards. Recently, USD/JPY broke below the key level of 115 after the release of the strong U.S. inflation data, leading to the weakening of USD.

USD/JPY’s next support zone is at 114.200 and the next resistance zone is at 116.000.
Look for short-term selling opportunities of USD/JPY.

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