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Round Trip


USD/JPY failed to cling onto gains registered in Monday's Asia-Pac session and faltered through the London hours, with market holidays in Japan/China & UK limiting liquidity on both swings. The pair wrapped up in negative territory, snapping a two-day winning streak.

  • Japanese markets are closed for holidays through Wednesday, with earnings data & final Jibun Bank Services PMI set to take focus on Friday.
  • USD/JPY last sits at Y109.03, a touch lower on the day. Further losses past Apr 29 low of Y108.44 would give bear a green light for targeting Apr 23 low of Y107.48. Bulls keep an eye on Y109.70, which capped gains yesterday, with Apr 9 high of Y109.96 coming up next.

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