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USD/JPY 4-hour chart

  • USD/JPY is correcting down as the bears will need to break 111.80 to reach 111.60 and 111.40 to the downside.  
  • Strong resistances are seen at 112.00 and 112.20 level.  
  • The US Retail Sales at 12:30 GMT can bring volatility to USD-related pairs.  

Additional key levels