USDJPY: Stand Aside in Quiet Range Trade
USDJPY standstill continues with prices locked in a narrow range above 76.58. We see no compelling trading opportunities here for now and will remain on the sidelines. A break downward initially exposes 76.21. Near-term resistance stands at 77.48.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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