USD/JPY Weekly Technical Analysis for January 08, 2024 by Chris Lewis for FXEmpire

The US dollar initially surged higher against the Japanese yen during the course of the week, and even broke above the crucial ¥145 level. However, we have seen the market get back quite a bit of the gains on Friday, so it remains to be seen if there’s any follow-through.

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Charts provided by the courtesy of Barchart.

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