USD/JPY turning increasingly bearish – Scotiabank

Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, anticipates USD/JPY to test down to 50-day MA at 113.93 as the pair turns increasingly bearish.
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US manufacturing PMI declines in December

The seasonally-adjusted Markit Flash US Manufacturing Purchasing Managers’ Index declined to 53.7 in December, down from 54.8 in November and the lowest reading for 11 months.
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