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USD/JPY Technical Analysis: sticking near new lows on risk flows

  • The Dollar-Yen pairing is sticking towards the downside as risk appetite rears its head for Friday.
  • The USD/JPY is shaping up for a bearish September with support from the 200-day EMA nearby.
  • USD traders will be seeing plenty of action to cap the week off with US NFP in the barrel.

USD/JPY Chart, 15-Minute

Spot rate: 110.51
Relative change: -0.19%
High: 110.74
Low: 110.38
   
Trend: Bearish
   
Support 1: 110.38 (current day low)
Support 2: 110.00 (major technical level)
Support 3: 109.74 (one month low)
   
Resistance 1: 110.74 (current day high)
Resistance 2: 111.16 (200-hour EMA)
Resistance 3: 111.75 (current week high)

 

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