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USD/JPY finds support above 101 round

FXstreet.com (Barcelona) - USD/JPY is last at 101.06, holding above 101.00 round bids, off session lows at 100.78. The pair is down -0.21% for the day from previous weekly close Friday, finding support so far at the 101 round level.

Nikkei index has seen end of last week selling resuming today, nearing the 14000 points mark, last at 14249, down -2.48%, with “Japan securities companies good USD/JPY sellers” in early trade, said IFR Markets analyst Haruya Ida, suggesting “many in market eyeing USD/JPY 100.00 test.”

Valeria Bednarik, Chief Analyst at Fxstreet.com, finds support levels at: 1.2920, 1.2885 and 1.2840, while resistance levels at: 1.2950, 1.3000 and 1.3040.

Sterling advances remain capped below 1.5150

The sterling finished the week slightly lower, although it did bounce from previous lows set down near 1.5010 to end the week down 41 pips at 1.5126. The main catalyst for the decline was continued weakness in UK economic data, particularly the retail sales print which came well below expectations at -1.3% actual vs. 0.0% expected.
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