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USD/JPY bears stacking up close to six year highs

FXStreet (Guatemala) - USD/JPY is trading at 107.19, down -0.15% on the day, having posted a daily high at 107.38 and low at 107.01.

USD/JPY bears are stacking up on the 107 handle where the pair is close to six year highs and they are challenging the support at 107.20 here, albeit with the level holding up for time being. On a light calendar for the pair ahead today still, attention in Asia will turn to Bank of Japan Governor Haruhiko Kuroda who will hold a press conference about monetary policies in Tokyo.

USD/JPY hourly levels

Spot is presently trading at 107.19, and next resistance can be seen at 107.21, 107.22 (Hourly 20 EMA), and 107.35 (Monthly High). Support below can be found at 107.11, 107.07 (Daily Classic S1), 107.01, and 106.87 (Hourly 100 SMA).

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