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Forex: USD/JPY falls below 80.00
FITITOL--> FXstreet.com (Barcelona) - The USD/JPY has fallen below 80.00 in the American opening to a low of 79.88. Since the Fed’s dovish hints after the softer than expected US Q1 GDP, the Japanese has been strengthening.Having breached the 80.00 psychological level, the USD/JPY has the 100-day moving average at 79.56.
MIG Bank analysts see a buying opportunities at these levels, around 80.00-80.12 (38.2% Fib retrace/Jan advance) and 79.16 (61.8% Fib).
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