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USD/JPY hits stops sub-119.20

  • Pair off a leg to 119.12, hits stops sub-119.20, recent lows at 119.22-23

  • More stops seen sub-119.00 but Japanese fund bids likely to return

  • Pair's pushed down by intraday jobbers, will turn positions on a dime

  • Off late JPY better bid offshore, sub-119 move likely

  • Major supports seen at 118.85 100-DMA, daily Ichimoku cloud below between 118.19-73

 

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