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USD/JPY: the USD continues to lose positions on 14.05.2015

USD/JPY is moving in the wide sideways channel. After reaching the key resistance level of 120.40, the pair sharply went up. The main reason of the decline in the USD is the negative statistics on the US labor market and retail sales.

The pair is also under pressure from the strong data on the Japanese key indices, released on Wednesday. 

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