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USDJPY test intraday high

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  • New session high for the USDJPY, unwinds some of Yesterday's sell off, and not much in terms of technical resistance at current levels, now exchanging hands at 134.70.
  • Market participants will look at 135.00, but most will eye 135.47/64 High May 10 / 50.0% of the May 2 - 4 bear leg as the resistance area.

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