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Forex: USD/JPY trading at support at 98.68/69

FXstreet.com (Barcelona) - The USD/JPY has traded unevenly Friday, though the one constant during European trading has been an entrenchment in negative territory, on the heels of the earlier BoJ news. In these moments, the pair is operating at support at 98.68/69, incurring a steep loss of -0.55%.

The afternoon slate of economic data will no doubt be dominated by GDP figures in the United States at 12:30 GMT later today. As this figure usually serves as a barometer for the US economy, investors will no doubt be keyed in.

Following a break below the 98.93 support, Mataf.net analysts identify additional means of correction at 98.68, and finally 98.38. On the ascension, a prolonged rise and paring of losses past the 99.48 mark will enable short-term resistances at 99.78, and eventually 100.03.

Forex: GBP/USD rebounds towards highs ahead of US GDP Q1

The GBP/USD found higher demand during early Asian session which lifted the pair by 40 pips to 1.5472 high. Profit taking pulled gains back and tested 1.5320 for support on the London session before a fresh upside momentum. The pair jumped about 30 pips to 1.5460 session high in a matter of 30 minutes as the GBP/USD attempts to resume yesterday’s jump above the 1.5400 psychological level.
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European markets and US futures down ahead of the weekend

The German DAX 30 (-0.43%), the French CAC 40 (-1.07%), the Italian FTSE MIB (-076%), the Spanish IBEX 35 (-1.15%) and the British FTSE 100 (-0.32%) are down, like the rest of European equity indexes, as well as American futures such as the S&P 500, Nasdaq 100 and Dow Jones 30 that signal a lower NY opening by -0.30%. Investors are nervous ahead of US GDP due at 12:30 GMT and markets are adjusting their positions into the weekend as next week will have ECB and FOMC decisions.
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