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FxWirePro: USD/JPY falls below 102.00 mark, bias neutral above 101.37

  • USD/JPY is currently trading around 101.78 marks.
     
  • It made intraday high at 102.03 and low at 101.67 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 101.37 marks and resistance at 102.48 marks.
     
  • A sustained break below 101.37 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
     
  • Alternatively, a daily close above 102.47 is required to take the parity higher towards key resistances around 103.45, 104.80, 106.12 and 107.46 levels respectively.
     
  • No major indicators are scheduled from Japan but on the other side, U.S.is scheduled to release final GDP data at 1230 GMT and CB consumer confidence as well as Richmond manufacturing index at 0200 GMT.
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