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MicrosoftInternetExplorer4
The USD/JPY failure to break below 89.00(which has been a strong support level) could be an opportunity to get long the pair. The potential for a Greece bailout could spark a bout of risk appetite leading to support for the pair. I wouldn’t bet on a longer-term bullish trend, but I do see potential to 100-Day SMA at 90.20. The expected negative NFP release on Friday may limit any bullish potential beyond that. However, unexpected job growth will increase the potential for an extended move.
