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USD/JPY Daily Technical Reports

Spot Price: 122.45
Technical Analysis:
We scrapped the long taken after prices traded above Wed and today"s 122.50 highs as well as the MLR and the Kijin line in that area after gains faltered and o/b hourlies began to crest. The 10-day MA at 122.70 is the next hurdle. Our downside pivot point is the 121.85 intraday low. Need a close outside 121.00/122.50 for a clear breakout















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