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USD/JPY momentum is supportive for attempt higher

On the 4hr USD/JPY chart, the MACD has moved above zero making the near-term structure supportive for an attempt higher.

Such a momentum indication, unseen for at least for 30 periods, indicates that key price breaks are on the horizon. There is a real threat of USD/JPY rate moving now considerably higher as buyers may get aggressive in the short term.

USD/JPY sees its volatility dampen

USD/JPY sees its volatility dampen
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European stocks tank amid mixed corporate news

The stocks on the European indices opened on a weaker note, tracking the cautious tone from their Asian counterparts, and remain in the red on the back of mixed set of earnings results across the Euro are economies.
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