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USD/JPY Pulls Back Off Session Highs to Trade at About 149.96
On Friday, the USD/JPY currency pair pulled back from the session highs of about 150.74 to trade at about 149.96 after the latest US data. The currency pair trades within a descending channel formation in the 60-minute chart. The pair has now fallen to trade slightly below the 100-hour moving average line. However, the currency pair made a late rebound and avoided falling into the oversold levels of the 14-hour RSI. From a fundamental perspective, the USD/JPY currency pair trades during a relatively busy period in the U.S. market. On Friday, the U.S. jobs data for November came in stronger than expected with 227k, ... (full story)