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USDJPY rotates lower and back below the 100/200 hour MA. Ups and downs continue.

The 100/200 hour MA is now resistance again at 139.70

The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200 hour moving averages at 139.70. Those moving averages are not risk-defining levels for sellers looking for more downside momentum. The price needs to stay below to keep the sellers more in control in the short term.
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