The rapid appreciation of the yen since early 2018 has made it one of the best performing currencies so far. Usdjpy has dropped more than 700 pips from 113.20 to 105.50 and is also the strong support and resistance level of W1. The strength of the yen, if sustainable, could also reduce prices and derail Japan's efforts to reach the 2% inflation target, which could lead to intervention by policy makers. . Buy when the price of 105.30
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