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By Published On: December 8, 20250.7 min read

A 7.2 magnitude earthquake has struck off the coast of northern Japan, near Aomori Prefecture. Following the quake, tsunami warnings have been issued for parts of northern Japan, with waves expected to reach up to 3 metres in height.

An update confirms that there are no abnormalities at the Tohoku Electric nuclear plant in Aomori following the earthquake, providing some reassurance on nuclear safety concerns.

In the forex market, the Japanese yen has weakened in response to the news. The USD/JPY pair has risen above the 200-hour moving average at 155.64 and surpassed the recent swing high area around 155.75. The pair reached a high of 155.91 during trading. For a sustained bullish move, it is important that prices remain above the 155.64 to 155.75 zone.

Traders should monitor these levels closely for further confirmation of yen weakness or potential reversals in the aftermath of this seismic event.

Original Source: Greg Michalowski of investinglive.com

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