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USDJPY Still Balanced On Support Ahead Of BOJ Statement

From seekingalpha.com

We see critical support in USDJPY just below 92.90. Should this pair hold that level it would validate buy set-ups and signals in this area into the evening session (sell signals in yen futures). Currently the Primary, Secondary, and Day to Day Patterns are all higher for this influential pair. A close below that level on the 4-hour chart however would invalidate any buy set-ups and open the door to a test of the February lows. (click to enlarge) Adding to the potential technical drama is the release of the Bank of Japan's Monetary Policy Statement. The release is scheduled for tonight but listed as ... (full story)

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