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AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity 
• USD/JPY remained close to seven weeks low amid expectations that the Bank of Japan could soon raise interest rates again.
• Over the weekend, Bank of Japan Governor Kazuo Ueda stated that interest rate hikes are nearing as economic data, including October inflation figures from Tokyo, show positive trends.
• The yen which was the sole G10 currency to strengthen against the dollar last month, hit a high of 149.09 on Monday, its strongest level since late October
• Markets are now pricing in a 56% chance that the BOJ will raise rates by 0.25% to 0.5% at its policy meeting on December 18-19.
• Immediate resistance is located at 150.34 (SMA 5), any close above will push the pair towards 150.60 (38.2%fib).
• Support is seen at 149.27(23.6%fib) and break below could take the pair towards 148.87(Oct 16th low).
Recommendation: Good to sell around 150.10, with stop loss of 151.00 and target price of 149.00
