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USD/JPY failing at critical 119.00 level

FXStreet (Guatemala) - USD/JPY is trading at 117.91, down -0.06% on the day, having posted a daily high at 118.99 and low at 117.74.

USD/JPY has been pressured back down through the 118 handle with the greenback giving back ground across the board. The Yen was taken up towards the 119 handle which marks an encouraging sore on the board for the bulls targeting 120 before the year is out.

The FOMC gave markets a clue in respect of the timing of a rate hike in so much that one will not come so soon given the concerns of a longer lasting disinflationary global environment.

USD/JPY noteworthy levels

With spot trading at 117.91, we can see next resistance ahead at 117.99, 118.20 and 118.50. Support below can be found at 117.62 (Daily Classic PP), 117.46 (Weekly Classic R1), 117.16 (Daily Classic S1) and 117.07 (Hourly 100 SMA).

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