USDJPY: Maintain the daily purchase of the day

Hello everyone. Today, we’re looking at the USD/JPY pair, which is trading around the 157.50 level. The US Dollar is currently gaining an advantage over the Japanese Yen following the Bank of Japan's decision to maintain its existing policy settings.

Short-term chart analysis indicates a bullish trend as this currency pair consolidates within an ascending channel pattern, suggesting the potential for continued upward movement.

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