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USD/JPY Outlook – October 10-14

From forexcrunch.com

Dollar/yen remains very stable. Too stable. Core Machinery Orders, Tertiary Industry Activity and BOJ Monthly Report are the major events this week.Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week, the Tankan Manufacturing Index gained 2 points as predicted while the non- manufacturing index climbed by a mere 1 point unlike the 3 points predicted and Overnight Call Rate remained the lowest as expected. Nevertheless a positive growth trend exists. USD/JPY daily chart with support and resistance lines on it. Click to enlarge: Let’s Start: Current Account: Monday, 23:50. ... (full story)

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