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Forex: USD/JPY bounces at 99.10 to trade above 99.50 again

FXstreet.com (San Francisco) - The USD/JPY bounced at intra-day lows around 99.10 to trade back above the 99.50 region and test the 99.60 area again. Currently the pair is trading at 99.52.

With the pair trading 0.27% down on the day, the USD/JPY is strongly bearish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is neutral.

Above the 99.50, resistances are at 99.65, 99.75 and 99.85. On the downside, supports are at 99.10, 98.90 and 98.60.

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