USD/JPY Price Analysis: Bears eye a test of 130.00 pre Federal Reserve

The outlook is bearish for the day ahead with a test of 130.00 eyed ahead of the Federal Reserve on Wednesday. is under pressure in Tokyo but the bulls are moving in from a support area as the following charts will illustrate. Meanwhile, the US Dollar rose on Monday, ahead of the Federal Reserve's two-day policy meeting which is likely to keep traders at bay and USD/JPY range bound until the outcome of the meeting.

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