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Forex: USD/JPY firm above 80.00
FITITOL--> FXstreet.com (Barcelona) - The cross has been propelled from the 79.30 region to the session high at 80.30 after the US manufacturing ISM index surprised to the upside, climbing to 54.8, above estimates and previous print.Before the upbeat data, the yen has resumed its appreciation against the greenback, despite the recent rhetoric of the BoJ officials in order to weaken the yen and the additional stimulus delivered by the Japanese central bank in its last monetary policy meeting last Friday.
At the moment, the cross is advancing 0.48% at 80.21, with the next resistance at 80.39 (high Apr.30) ahead of 80.71 then the psychological level at 81.00 and finally 81.45 (high Apr.27).
On the downside, a break below 79.64 (low May 1) would bring 79.55 (MA100d) and 79.35 (low Feb.20).
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