FXstreet.com (Barcelona) - The USD/JPY 60 pips leap from 94.00 on better than expected new home sales has been capped at 94.60 and the pair has begun to fall to trade close to 94.20 in the last hour.

Currently the pair is trading around 94.25/35, posting 0.45% daily gains from opening price action.

In case of consolidating above 94.45/50 area, next resistance levels lie at 94.80 and 95.30 (Aug 18 high). On the downside, below 94.30, initial support lies at 93.65/80 (Aug 20/25 lows), and below here, 93.40 (Aug 21 low) and 93.100 (Jul 22 low).

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