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Forex pairs in this Article » USD/JPY (Córdoba) - The USD/JPY continues to move sideways between 102.90 and 102.60 early in Asia, as stocks in Japan opened higher, recovering after plummeting yesterday.

At the moment of writing the USD/JPY is flat, trading at 102.70 while the Nikkei 225 is up 0.65%, following economic data from Japan, that included inflation and industrial production.

USD/JPY likely to remain within 102 - 103

Jim Langlands from FX Charts points out that the trading range established during Thursday could prevail in the coming session, but warns that the shorter term charts, “look supportive and we could see a run to take a look at what might lie above 103.00”.

According to Langlands a break above 103.00, could trigger a rally toward 103.30 and then 103.44, “above that, which I don’t think we are likely to see today, would find sellers at 103.65 (61.8% of 104.83/101.76).”
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