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Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group believes that USD/JPY risk is still clearly on the upside towards the year’s high at 103.74.

Key Quotes

“The key support highlighted last week at 101.30 is still intact and despite the volatile trading, the risk is still clearly on the upside.”

“Continue to expect a move towards the year’s high at 103.74. The key support has edged up to 101.60 but 102.20 is likely strong enough to hold any short-term pullback.”

Supports: 102.20, 101.60. Resistants: 103.38, 103.74
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