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Forex pairs in this Article » USD/JPY
FXstreet.com (Córdoba) -Better-than-expected US economic data sent USD/JPY above the 81.00 mark during the American morning, where it posted an almost 2-week peak at 81.06. However, the Greenback failed to sustain gains and retreated.

USD/JPY has dropped around 40 pips ever since, having fallen to the 80.60 area before finding some support. At time of writing, the cross is quoting at the 80.65/70 area, recording a 0.25% gain on the day.

From a technical perspective, Valeria Bednarik, analyst at FXstreet.com, commented, "Gaining bearish strength in the hourly chart, lose of 80.50 support may lead to a stronger slide towards the 80.20 area, where the pair shows a short term daily ascendant trend line. Lose of this last, will deny any chance of recovery and put the cross back inside the dominant long term bearish trend".
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