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USD/JPY at Session Lows at NY Crossover

JPY
  • USD/JPY continuing to rollover in recent trade, with better volumes noted across currency futures on the downtick in the pair. No major headlines crossing to prompt the weakness, and runs in contrast to the slight uptick back to unchanged for the e-mini S&P.
  • Pair prints new daily lows of 114.62, but outlook remains bullish in the absence of a move below Nov 12/15's 113.76 and the 50-day EMA down at 112.61.

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