$USDJPY - US Dollar Continues to Chop Back and Forth Against the Yen
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The US dollar has experienced back-and-forth movement during Thursday's trading session, hovering around the 50-Day EMA and sitting just below the 200-DayThe market is also paying close attention to the ¥133 level, which is a large, round, psychologically significant figure that many investors are monitoring.
It's worth noting that the US dollar is approaching the 101 level on the US Dollar Index, which is a major support level. If the market does not see a return to dollar buying soon, a US dollar selloff could be imminent. The US dollar has been facing several challenges in recent times, with the yen being one of the most significant opponents. However, the current situation is quite unique as the Bank of Japan is implementing yield curve control policies, which directly affect the yen's value.
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