- USD saw renewed buying after the recent weakness, USD/JPY traded higher on the day at 124.036
- Safe-haven appeal in yen boosted after miserable China PMI data , USD/JPY erased gains and currently trades flat at 123.908
- Uptrend in USD/JPY intact, pair remains supported amid broad USD strength
- US manufacturing PMI and new home sales data later in the day to be in focus for further direction
R1: 124.19 (Daily High Jul 23)
R2: 124.48 (Daily High Jul 21)
R3: 124.57 (76.4% Fibo 125.86-120.41)
Support Levels:
S1: 123.57 (Daily Low Jul 22)
S2: 123.52 (23.6% of 120.41-124.48)
S3: 123.22 (Ichimoku Cloud Top)


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