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USD/JPY dipped this afternoon to 123.94 as impatient longs bailed

  • Japanese importer and investor bids again tipped in bounce

  • Pair currently trading around 124.20, high early 124.34

  • Large option expiries and KOs still at 124.50, more KOs at 125.00, stops above

  • Techs favorable and supportive, overbought conditions abating

  • Support is seen at 123.61-92 and 124.14

 

  • Market Data
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