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    Technical analysis of USD/JPY for May 29, 2015





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    In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US is expected to publish data on Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Prelim GDP Price Index q/q, Prelim GDP Price Index q/q, and Prelim GDP q/q. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.


    Resistance. 3: 124.36.

    Resistance. 2: 124.12.

    Resistance. 1: 123.88.

    Support. 1: 123.57.

    Support. 2: 123.33.

    Support. 3: 123.09.

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