USD/JPY strong resistance at 120.80/121.20 – Westpac

In the view of strategists at Westpac, the area of 120.80/121.20 remains a strong barrier for USD/JPY...
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USD/JPY keeps losses below 120

The US dollar failed to breach 120.30 resistance and edged lower against the Japanese yen in the European session, knocking-off USD/JPY below 120 threshold, largely on the back of technical selling. While market now await US JOLTS jobs openings numbers and Fed’s Williams speech for further momentum.
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