USD/JPY technicals favor the downside – FXStreet

According to Valeria Bednarik, Chief Analyst at FXStreet, the USD/JPY pair still remains under selling pressure with technicals supporting the downside.
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USD/JPY recovers ground despite US data

USD/JPY managed to cut intraday losses at the beginning of the New York session, despite below expectations US housing data and manufacturing PMI, after hitting a 1-month low earlier on the day.
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