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[QUOTE="Mikhail Kurakin, post: 197023, member: 2368"] USD/JPY: USD updates record highs Current trend USD has seen slight gains against JPY in Asian trading, hitting record highs since late March 2020. Market activity remains rather low, as traders await the publication of the US employment report, which remained one of the main drivers throughout the week. The macroeconomic statistics from Japan released the day before managed to support the "bullish" sentiments on JPY for some time, but were unable to reverse the negative trend. Tankan Large Manufacturing Index in Q2 2021 increased from 5 to 14 points, which turned out to be worse than the expected values by 1 point. Tankan Large All Industry Capex for the same period increased from 3% to 9.6%, while the forecast was at 7.2%. Jibun Bank Manufacturing PMI increased from 51.5 to 52.4 points in June. Support and resistance Bollinger Bands in D1 chart show stable growth. The price range is expanding but it fails to conform to the surge of "bullish" activity at the moment. MACD indicator is growing preserving a stable buy signal (located above the signal line). Stochastic maintains a confident upward direction, but reaches its highs, which significantly limits the development of "bullish" sentiments in the nearest time intervals. Resistance levels: 111.70, 112.00, 112.44, 113.00. Support levels: 111.34, 111.00, 110.81, 110.42. [img]https://media.clawshorns.com/uploads/files/e3a707b698a75fb5e9b115328ce10a4c.png[/img] [img]https://media.clawshorns.com/uploads/files/bb949600cd4e974011ef288a2a17455f.png[/img] [/QUOTE]
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