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    USD/JPY: general overview on 02.02.2015

    Affected by US downbeat data, the greenback lost almost 100 points against the yen last week. GDP growth rates in fourth quarter dropped to 2.6% against the previous value of 5% whereas analysts had predicted a decline to 3.3% only.  Consumer spending index amounted to –0,1% given negative growth rates. This news dropped the USD/JPY substantially, but the pair still fails to consolidate below a resistance level of 117.25. 

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