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Forex pairs in this Article » USD/JPY
FXStreet (Córdoba) - The rally of the USD/JPY propelled by BoJ decision to expand its lending facilities found an interim top at 102.73 during the European session.

The USD/JPY lost momentum after hitting a 3-week high and retreated somewhat, although the setback has been contained by the 102.30 zone so far. The USD/JPY is back above 102.50, recording a 0.6% gain Tuesday ahead of next string of US data.

USD/JPY technical perspective

From a technical perspective, Stoyan Mihaylov, analyst at DeltaStock.com noted that "Yesterday's rise from 101.36 peaked at 102.73 and the intraday outlook is already bearish, for a break through the crucial support at 102.15, en route to 100.70".
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