USD/JPY Outlook (24 January 2022)

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Overall, USD/JPY is ranging across. Recently, USD/JPY broke the support zone of 114.200.

The Japanese Flash Manufacturing PMI data (Forecast: TBA, Previous: 54.3 revised from 54.2) will be released later at 0830 (GMT+8).

USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 114.200.
Look for short-term selling opportunities of USD/JPY.

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