USDJPY Outlook 29 March 2023

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The USDJPY rebounded strongly from the 130.50 price level to trade significantly higher. As the price breaks above the 61.80% Fibonacci retracement level at the 131.70 price level, further upside can be expected on the USDJPY.

Look for the USDJPY to trade up to the key resistance level of 133.

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