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USD/JPY Outlook (12 August 2021)

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JinDao_Tai  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Forex macro technical trend USDJPY Contains image
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trendanalysis forex macro technical trend usdjpy containsimage
Overall, USD/JPY is ranging across. Recently, USD/JPY rejected the resistance zone of 110.800 after the release of the U.S. CPI data that signifies a slowdown in inflation.

USD/JPY’s next support zone is at 108.500 and the next resistance zone is at 110.800.
Look for short-term selling opportunities of USD/JPY.
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