Sasha Singh
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USDJPY : Moving Within the Consolidation Range

US Dollar weakened against Japanese Yen today as the concern among investors over Ukraine Crisis rose and increased the demand for Safe Haven Japanese Yen. On the 4 hour chart, the pair seems like consolidating between the resistance at 102.67 and the rising support trend line. It should find support from the support trend line and rise towards the resistance. 101.95 seems to be a key support level . The U.S. consumer sentiment report coming out at 9:55 AM EDT might also drive the pair after the release.