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USD/JPY dumping through and into high 117’s

FXStreet (Guatemala) - USD/JPY is trading at 117.92, down -0.29% on the day, having posted a daily high at 118.59 and low at 117.79.

BoJ Governor Kuroda’s speech has been released and despite the recent GDP figures showing that Japan again entered recession, the governor of the Bank explained that the economy continues to recover moderately as a trend. Meanwhile USD/JPY has dumped through the 118 handle to meet support at 117.80 after an 80 pip drop.

USD/JPY noteworthy levels

Current price is 117.92, with resistance ahead at 118.11 (Daily Classic PP), 118.23 (Hourly 20 EMA), 118.40 and 118.65 ahead of weekly highs 111.89.
Next support to the downside can be found at 117.89 (Hourly 100 SMA), 117.72 (Daily Classic S1), 117.58 and 117.39 (Weekly Classic PP).

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USD/JPY dumping through and into high 117’s

USD/JPY is trading at 117.92, down -0.29% on the day, having posted a daily high at 118.59 and low at 117.79.
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