USD/JPY bounces to 100-hour MA, 79.73
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USD/JPY
FXstreet.com (Barcelona) - Having plunged all the way down to 79.56 low after regaining briefly the 80.00 ground, the USDJPY has rebounded from the low to test the 100-hour moving average, laying at 79.73.
An improving economic assessment in Japan by the BoJ for the first time since 2009 strengthens the JPY, while the US is currently in a dangerous road after the contracting ISM manufacturing PMI. Today's ADP employment change and Friday's nonfarm payrolls should help investors define sentiment.
Mataf.net analysts point to resistances at 79.85, 80.10 and 80.60. On the downside, supports might be found at 79.65, 79.30 and 79.10.
An improving economic assessment in Japan by the BoJ for the first time since 2009 strengthens the JPY, while the US is currently in a dangerous road after the contracting ISM manufacturing PMI. Today's ADP employment change and Friday's nonfarm payrolls should help investors define sentiment.
Mataf.net analysts point to resistances at 79.85, 80.10 and 80.60. On the downside, supports might be found at 79.65, 79.30 and 79.10.
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