USDJPY

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Introduction:
The USD/JPY currency pair, representing the exchange rate between the US Dollar (USD) and the Japanese Yen (JPY), is one of the most traded and closely monitored pairs in the forex market. Traders on TradingView keenly observe the dynamics of this pair for potential trading opportunities, as it often reflects global economic trends and geopolitical developments. In this analysis, we'll delve into the factors influencing the USD/JPY pair and explore possible trading strategies using various technical indicators.

Fundamental Factors Affecting USD/JPY:

Monetary Policy: Both the US Federal Reserve and the Bank of Japan play a significant role in shaping the USD/JPY exchange rate through their monetary policy decisions. Divergence in interest rates between the two economies can lead to substantial movements in the pair.

Economic Indicators: Traders monitor economic indicators such as Gross Domestic Product (GDP), unemployment rates, and consumer sentiment reports from both countries. Strong US economic data relative to Japan's can lead to USD appreciation against the JPY.

Safe-Haven Status: The Japanese Yen is often considered a safe-haven currency, sought b

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