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Forex: USD/MXN retraces from highs

FXstreet.com (Barcelona) - The Mexican peso is gathering some traction after hitting session lows against the greenback above 12.3500 on poor data from retail sales. In fact, sales in the Aztec economy contracted 0.1% on a monthly basis in February and 2.6% over the last twelve months, vs. January’s +2.1% and +1.8%, respectively.

At the moment, the pair is advancing 0.54% at 12.3254 with the next resistance at 12.3350 (high Apr.18) and then .12.3523 (high Apr.3).
On the flip side, a violation of 12.1640 (low Apr.18) would bring 12.1467 (MA200h).

USD/JPY still unable to surpass 100.00

The US dollar failed once again to overcome the 100.00 level against the yen, despite the G20 gave green light to BoJ easing measures as according to Aso and Kuroda, members understood they are aimed at fighting deflation.
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