Forecast for USD/JPY on January 2, 2024

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USD/JPYAfter reaching the nearest embedded line of the global price channel on December 28th, the USD/JPY pair started a bullish correction and formed a convergence with the Marlin oscillator on the daily time frame.This is likely to be a correction from the entire movement starting from November 13th, originating from the level of 151.95. The question is where it will end. The most powerful and attractive level appears to be the 50.0% level near the target of 146.24. The correction

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