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      USD/JPY resistance remains around 120.80 – OCBC

      FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the upside in USD/JPY facing strong resistance in the 120.80 area so far.

      Key Quotes

      “A better looking risk appetite landscape may keep the pair supported via the JPY-crosses in spite of the dollar’s near term vulnerability”.

      “Immediate resistance continues to rest at the 200-day MA (120.84) before 121.00 while supports are seen on approach of 120.00 ahead of 119.80”.

      FOMC: 25bp hike coming, slow pace of future hikes in perspective - RBS

      Brian Daingerfield, FX Trading Strategist at RBS, forecasts the FOMC to hike the target range for the Fed Funds rate by 25bp and anticipate the forecasts and language may be used to reinforce an extremely slow pace of tightening and a purely data-dependent outlook for the Fed Funds rate.
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      Japan to continue moderate economic recovery – BOJ’s Kuroda

      The Bank of Japan (BOJ) governor Kuroda was on the wires today, reiterating that Japan is likely to continue its moderate economic recovery.
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