Societe Generale: USD/JPY- 200-DMA could cap upside

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USD/JPY carved out a lower top at 158.85 than the one achieved last year at 162 resulting in a steady pullback. It has formed an interim low near 146.50 last week. A brief rebound has materialized. If the pair fails to overcome the 200-DMA at 151.30/152.00, there would be risk of persistence in downtrend.

Next objectives could be located at projections of 145 and 143.70/143.

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