JPY Trading Outlook (06-03-2014)

USD/JPY: The pair managed to hold above 102 after weak ADP and ISM PMI data ahead of NFP report. Cloud resistance at 102.50 was tested earlier this morning, but soft US data and further worrisome in Ukraine pulled USD/JPY back to 102.25-35 area. More demand reported into the daily Kijun & 200 HMA by 102.10 and Tenkan by 102.

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