FXWW News/Trade Ideas/USD/JPY

USD/JPY: 97.50/75 looking like key support level

USD/JPY has stalled at important technical resistance at 99.00 and the bears will be optimistic that part of last week’s bearishness can return. Remember that we have rallied 400 pips off the lows already so perhaps we simply get a period of sideways choppy trade.

On the downside, some big players are buying dips towards 97.50/75 and this should prove to be very solid support.

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