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USDJpy

UsdJpy
Volatility is fading around 109.00.
• USD/JPY has bounced strongly off support. The pair is likely to retest towards former support at 108.13 (17/04/2017 low) . Expected to show another leg lower.
I favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).
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USD/JPY CONTINUES TO STRUGGLE

Morning All;it's be a typical slow summer session of trade in the currency market with most of the majors eking out very narrow ranges amidst little speculative flow and no fresh fundamental news.
USD/JPY however continued to struggle as it dipped below the 101.00 level before finally finding some support.
Japanese GDP came in considerably weaker than expected printing at 0.0% versus 0.2% on a quarterly basis and at 0.2% versus 0.8% on an annualized basis. Net exports were a major negative drag …
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USDJpy Review

Best Friday Evening People;It's been a choppy night of trade in the currency market with most of the majors bouncing in 50 pip ranges with little directional guidance in Asian and early European trade. After yesterday's drubbing the commodity dollars stabilized by any attempts to rally were capped at key levels.
The Aussie remains the primary focus of the market as debate rages as to whether the RBA will cut rates at the upcoming meeting or not. The majority of economists polled by Bloomberg bel…
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