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Soft NFP Knocks Sentiment USDJPY...>

DOLLAR-YEN TECHS
DOLLAR-YEN TECHS: Soft NFP Knocks Sentiment
USDJPY encountered renewed selling pressure after the release of soft US jobs
data. Despite this the rate was quick to pare losses and keeps the broader trend
alive. On the topside, bulls need a convincing break of the 50% retracement
level at 113.21 to open a run at 114.00. While, bears need a close below 112.27
to open the next key support area from the Oct 15 low/61.8% retracement at
111.63/60.

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