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Forex pairs in this Article » USD/JPY
FXstreet.com (San Francisco) - USDJPY is back trading in positive territory as the pair bounces from the 86.82 four-day low hit in earlier trade, now targeting levels above 87.20, about 20 pips above the North American close. "Although a deeper corrective movement could be expected, more if the pair breaks below 86.80 strong static support area, the longer term ride continues to look bullish," says Valeria Bednarik, Chief Analyst at FXstreet.com.

Spot closed lower for a second day in overnight trade on profit taking, with further levels of buying interest noted at 86.35 and 86.00, according to Ms. Bednarik. Resistance levels may be found at 87.30, 87.60 and 88.00.
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