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USD/JPY contained below big 99.00 level

FXstreet.com (Barcelona) – The USD/JPY foreign exchange rate is last trading at 98.62, off recent session lows at 98.52 printed at the early open of the week in the Asia-Pacific, ahead of Japan Corporate Services Price Index (CSPI) y/y at 23:50 GMT.

USD/JPY unable to sustain gains

According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the USD/JPY closed past week “with some modest gains, posting its second positive week in a row, but with 100.00 looking far, far away. Friday’s high of 99.14 resulted 10 pips shy of the daily descendant trend line coming from May high of 103.72, while the …read more