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USD/JPY found support

The USD/JPY recovered to 97.50 in the European session, despite the heightened market
uncertainty related to potential military conflict in Syria. Yesterday the pair dropped by 150 pips and tested the levels below the 97.00 mark.

Tonight Japan is scheduled to release retail sales data at 23:50 GMT (forecast: 0.0% y/y; previous: 1.6%).

Resistance: 97.60, 98.00/15, 98.60

Support: 97.00/96.90, 96.50, 96.00

Chart. H4 USD/JPY



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