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USD/JPY Analysis: Will Trade At 113.00

The US Dollar appreciated 0.11% against the Japanese Yen since Tuesday’s session. During Wednesday morning hours, the US Dollar was located at 112.82 mark.

In regards to the near future, the rate will surge towards the weekly R1 at the 113.10 mark on Wednesday. Most likely, the rate will be traded in the 113.00 area with the support of the 55-hour and the 100-hour SMAs during the trading day.

On the other hand, the rate could get affected by fundamentals, which will occur during the day. Watch out for news!

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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