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    USDJPY, 4 Hour

    The U.S. unemployment rate fell to cycle lows of 4.9%, and hourly earnings rose more than expected. This could be view as a short term positive for the USD.

    USDJPY price appears to be in a corrective recovery since sharply dropping from the recent highs near 121.70’s. Stochastic Analysis on the 4 hour chart supports short term long positions with a price target near the 118.15.

    Feb 5 USDJPY SRL

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    John Knobel 

    Senior Currency Strategist


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