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USDJPY breaks through MNI Tech resistance

USD
  • Early focus will be on the Yen, which is already down 0.75% against the greenback, and testing through next immediate resistance at 138.56 1.618 proj of the Feb 24 - Mar 28 - 31 price swing.
  • The Dollar remains king, following the Inflation data yesterday, and the Currency is up against all the majors, beside the SGD.
  • Rate path divergence between the two countries (US/Japan) are at play, and market participants will look for 139.00 as next resistance.

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