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Forex pairs in this Article » USD/JPY
FXStreet (Córdoba) - The USD/JPY remains steady, trading around 102.50 as the Nikkei 225 opened in negative. It remains moving in ranges between 102.00 and 102.65/70, ahead of what is expected to be a calm Asian session. At the moment of trading the Nikkei 225 is falling 0.38% while the USD/JPY trades at 102.45.

USD/JPY technical outlook

According to Valeria Bednarik, Chief Analyst at FXStreet the pair does not show much intention of leaving the current trading range. “The hourly chart shows a slightly positive tone amid price bouncing from its 100 SMA as indicators head higher around their midlines, thus lacking strength”.

The 4-hours charts shows a neutral technical outlook, notes Bednarik: “indicators hovering around their midlines and moving averages still above current price, suggesting chances are still on the downside towards 101.65.”
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