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USD/JPY is hovering around 110.50 after rejecting the 111.00 earlier today. The bearish sentiment prevails and the pair is vulnerable around 110.15 where the 100-day SMA is providing first support.
The USD/JPY is trading lower today around 110.50 after the US NFP data. The greenback might recover ground on the better-than-expected numbers but the pair needs to advance beyond 111.00 in order to extend its advance up to 111.40.