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The USDJPY pair is showing strong bullish momentum today. The RSI is above 70, indicating overbought conditions. I am cautious about entering new long positions at this level and waiting for a possible pullback before considering any new entries. I think it's wise to be careful.
Update: I will monitor the price action around the 157.50 level. If it breaks through, I may reconsider my short-term outlook. Volume is also important to watch for confirmation of the trend.
