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USD/JPY moves above 117.95 – UOB

FXStreet (Barcelona) - According to the Analysts at UOB Group, the USD/JPY pair moved clearly above the 117.95 level and has a higher trajectory ahead.

Key Quotes

“Now that we have moved clearly above 117.95, the next significant level is at the October 2007 minor peak of 119.85. Expect pull-back to hold above the key support at 116.50 even though 117.20 is already a strong support.”

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