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USD/JPY's choppy fall from 92.31 extended further to as low as 88.63 last week but lost momentum again as it approaches 88.00 support. While some sideway trading might be seen initially this week, further fall is still in favor as long as 89.54 resistance holds. Below 88.63 will target 88.00 first and break will confirm medium term down trend resumption for 87.12 low. On the upside, though, above 89.54 will suggest that a short term bottom is in place and bring stronger rebound.
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