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USD/JPY has the 110 target back in it's sights

FXStreet (Barcelona) - USD/JPY is trading at 109.72, up 1.20% on the day, having posted a daily high at 109.92 and low at 108.35

USD/JPY is bringing back the 110.00 target back into focus on the back of the greenbacks insurgence to the top spot once again following todays non farm payrolls showdown. Besides this, we now look ahead as the week and pair draws towards a close in positive territory. Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank still is holding a year‐end USD/JPY forecast of 109, but rising to 113 by the end of 2015."USD/JPY short‐term technicals: Mixed, providing a cautionary warning to long USD/JPY holders, resistance at the recent high of 110.09."

USD/JPY noteworthy levels

With spot trading at 109.72, we can see next resistance ahead at 109.81 (Weekly Classic R1), 109.92 (Daily High), 110.16 (Daily Classic R3), 110.33 (Weekly Classic R2) and 111.11 (Weekly Classic R3). Support below can be found at 109.65 and 109.00.

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