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The Japanese July Jibun Bank Manufacturing PMI was unchanged at 42.6, as expected. USD/JPY buyers attack the upper bank of a short term trading range bet 105.75 and 105.95. A combination of US policymakers’ inability to offer Covid19 relief plan as the US treasury yields that has plummeted to record lows might see the pairing sliding even further.


Support levels; 105.60, 105.20, 104.70

Resistance levels: 106.05, 106.45, 106.90


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