USD/JPY Price Analysis: Next hurdle is seen at 140.00 area

The 50-hour EMA is on the verge of crossing the 100-hour EMA.USD/JPY pair

China's Ambassador, Xie Feng, criticized the US's consideration of foreign investment and AI chip restrictions. He added that China would retaliate if the US imposed more curbs on its chip sector in Beijing. The immediate resistance emerges at 139.70 . Any meaningful follow-through buying could pave the way to the next hurdle at 140.00, a confluence of a psychological round mark and a weekly high of July 6. The additional upside filter to watch is at 145.50 .

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