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USD/SEK down move could be exhausted

USD/SEK opened yesterday on the lower edge after a previous falling session, but rallied and closed well above the prior session's close.

This price action has left a piercing line on the chart that let bears second-guess their positions. Such a pattern may be some cause for optimism when it appears at a support level.

USD/JPY gaining upside traction

USD/JPY gaining upside traction
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USD/JPY downside targets 118.50/00

USD/JPY ended last week on the offer with a softer greenback into the close in thin markets. We are mostly closed again around the Globe until the US session, although Japan is open and will be reporting second tier data.
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