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USD/JPY Price Forecast: Bulls retake 200-day SMA amid recovery

The USD/JPY advances by some 0.41%, clearing the 200-day Simple Moving Average (SMA) at 158.06, as the Greenback recovers some ground following two days of intervention in the FX markets by US and Japanese authorities.

USD/JPY Price Forecast: Bulls retake 200-day SMA amid recovery

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