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FxWirePro: USD/JPY hovers around 109.00, intraday bias remains neutral

Tuesday, May 17, 2016 2:14 AM UTC

USD/JPY is currently trading around 109.04 marks.
It made intraday high at 109.10 and low at 108.88 levels.
Today Japan will release revised industrial production data at 0430 GMT.
Intraday bias remains neutral till the time pair holds initial support at 108.60 marks.
A sustained break below 108.60 will drag the parity down towards 108.27, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
On the other side, a daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.

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FxWirePro: USD/JPY hovers around 109.00, intraday bias remains neutral

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