JPY Trading Outlook
USD/JPY: Early sell off was seen is Asia but prices are eyeing a close above the cloud top at 103.10. Daily Tenkan & Kijun are bullish, the former by 102.48 and 50% of the 101.20- 103.77 rally. Japanese importers holding strongly by the Kijun at 102.26.
USD/JPY: Strong data showed that employment increased, not effected by the bad weather. The pair rallied immediately to a high of 103.75 but hit the resistance and also as tensions in Crimea increased again, the pair came back down to just above 103 area. Market awaits for Nikkei open and further U.S data.
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