Selling of Yen crooses has weighed on the USDJPY sending it back below 98.00 and towards the first line of support at 97.80. There are some range traders on the bid here at 97.80. However Japanese traders are looking at 97.50 as the pivot point with the base of the ichimoku cloud coming in at 97.48.
Yen cross selling sees USDJPY back under 98.00
Source: www.forexlive.com
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