The USDJPY moved higher overnight on more favorable risk appetite, but held the at the 95.20 level and has continued to come off after the worse than expected US data at 8:30 AM. The price has a;lso tested the bottom trendline at the 94.60 level. The 95.08 level should also provide upside resistance intraday. looking to continue to the 94.00 area.

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