USD/JPY tests new lows as traders react to falling Treasury yields

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USD/JPY Tests Support At 149.00 – 149.50

USD/JPY is under strong pressure as traders focus on falling Treasury yields and bet that BoJ will be more hawkish than previously expected.

The nearest support level for USD/JPY is located in the 149.00 – 149.50 range. A move below the 149.00 level will open the way to the test of the next support at 146.50 – 147.00.

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