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Forex: USD/JPY bounces to 99.52/56 level after durable goods in US

FXstreet.com (Barcelona) - The USD/JPY bounced off the 99.35 level during US trading Wednesday, having received an impetus from lackluster US economic data. In these moments, the pair has rebounded nearly 20 pips to the 99.52/56 level, securing an advance of +0.09% above its opening.

In the United States, Durable Goods Orders (March) came in at -5.7%, against expectations of just -2.8%. Moreover, Durable Goods Orders ex Transportation yielded a figure of -1.4% in March, vs. a projection of +0.5%.

Mataf.net analysts isolate resistances at 100.06, ahead of 100.55, and finally 101.34. On the decline, the USD/JPY will encounter calculated support at 98.79, then the 98.00 barrier, and finally 97.51.

Forex: EUR/JPY falls to 129.00

The Euro is currently trading lower against the Japanese Yen with the EUR/JPY extending its decline from the intra-day high at 129.80 to test the 129.00 region. The pair has accelerated losses following the abysmal US durable goods orders in March and it has declined around 35 pips in the latest few minutes.
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Olivier Korbe, FX Strategist at Societe Generale warns investors of SEK vulnerabilities, noting that the EUR/SEK correlation to risky assets broke up last summer, so that relative rates matter the most since.
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