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USD/JPY neutral/bearish stance unchanged below monthly peaks near 109.40, FXStreet’s analyst Pablo Piovano informs.

Key quotes

“USD/JPY appears to have met solid support in the 107.00 region so far this month.” 

“The upper end of the range is seen around monthly peaks in the 109.35/40 band.” 

“In the very near-term, spot is likely to stick to the consolidative mood.”