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USD/JPY In Limbo At 114.00 Ahead Of ADP Data

Discussion in 'Technical Analysis' started by Kaitlin, Mar 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The return of risk appetite and better-than-anticipated US manufacturing data caused the Greenback to erase all Monday's losses against the Yen yesterday. However, risks of edging lower again today persist, despite the USD/JPY currency pair being supported by the 20-day SMA and the weekly PP just below the opening price[​IMG]

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