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26 Sept 2014 USD/JPY Analysis

26 Sept 2014 USD/JPY Analysis

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, USDJPY reverses losses as rates remain sideways between 109-108.7

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, The dollar gained against the Yen after trading towards 108.4 before the close yesterday

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, A rebound today but failing to break above 109.4 will likely see trading range subdued before markets close for the week

Japanese inflation slowing more than forecast as the Bank of Japan (BOJ) rues their next move. National Core CPI and Tokyo Core CPI were each 0.1% below forecast as the Yen runs weaker against the greenback after momentarily gaining during yesterday’s trading. Market closing below 108.28 will likely be the closest sign of retracement as the pair rallied for 3 consecutive weeks

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish 107.38 108.3 108.7 109.4 110 110.5

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