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USD/JPY bounces off lows

FXstreet.com (Córdoba) - The greenback has managed to pare losses versus the yen following a 150-pip slide triggered by disappointing US manufacturing data.

USD/JPY finally broke below the 100.00 mark at the beginning of the New York session intensifying the selloff that sent it below 99.00 as well. The pair bottomed out at 98.85 before bouncing and it was last down 1.0% at the 99.40 zone.

On the downside, immediate supports are seen at 98.85 (daily low) and 98.60 (55-day SMA). On te upside, resistances could be faced at 99.60 (intraday level) and 100.00 (psychological level).

EUR/USD consolidating around 1.3080/85

The shared currency keeps session highs in the area just below the key 1.3100 handle, as the US session is drawing to a close...
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Flash: Dollar falls on weaker US data - UBS

The dollar hit a four week low against the euro and the yen in reaction to weaker US data. "Monday's release of the US ISM PMI, which dropped below 50, added to higher unemployment claims, a downward GDP revision and disappointing consumer spending last week", says the UBS analyst team.
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