Why USD/JPY looks ripe for a bounce

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Why USD/JPY looks ripe for a bounceU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYCityIndexWith key levels holding and bullish divergences forming, USD/JPY looks like it may want to retrace higher over the near term before its bearish trend resumes and head for the 146 - 47 area. Matt Simpson, Market Analyst at City Index and Forex.com