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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

​​​Yen weakness carries on, EUR/JPY and USD/JPY rise, also AUD/USD​​​

​​​The US dollar stabilized as US yields hit a new three-month high but Yen weakness carries on with EUR/JPY and USD/JPY rising, also AUD/USD.​​

Yen Source: Bloomberg

​​​EUR/JPY continues its gradual ascent

EUR/JPY is still heading for the ¥163.72 late November high and is being supported by its accelerated uptrend line at ¥162.56. Below it lies minor support at the ¥161.86 January high.

Upside pressure should remain in play while the 13 February high at ¥161.63 and, more importantly, last Thursday's low at  ¥160.92, underpin.

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​USD/JPY stays bullish while above ¥149.54

USD/JPY is trading back above the minor psychological ¥150.00 mark and nears its four-month high at ¥150.88. Above it beckon the October-to-November record highs at ¥150.91-94.

Only if last Thursday's  ¥149.54 low were to give way, would the ¥148.89-80 support zone be back in sight.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

​AUD/USD remains bullish

AUD/USD is still trying to overcome the 200-day simple moving average (SMA) at $0.6562 and reach the $0.661 to $0.6633 area which consists of the late January and early February highs and the 55-day SMA. 

Minor support is found in the $0.6543 to $0.6522 zone.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

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