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U.S. Dollar / Japanese Yen

USDJPY Technical Analysis

By STERLING_PIPS
USD/JPY stuck around the 23.6% retracement of its July’s decline. “The 20 DMA is flat at around 108.10, while the 100 and 200 DMA maintain their bearish slopes well above the shorter one.” The pair recovered on Friday but failed to regain the critical 108.00/10 technical area.

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