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USD/JPY Price Forecast: Slips below nine-day EMA, 157.00

USD/JPY extends its losses for the second consecutive day, trading around 156.90 during the European hours on Monday.

USD/JPY extends its losses for the second consecutive day, trading around 156.90 during the European hours on Monday.

The currency pair is moving forward within a symmetrical triangle, which indicates a period of market consolidation, where neither buyers nor sellers are in control.

Market commentary only, not advice. 43 words on the desk. Trading involves risk. Headline credited to FXStreet.

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