USD/JPY: Once again, 102.70 held the topside of the pair. Traders jumped moved back to the safe heavens (JPY, CHF and XAU) as Ukraine has issued an ultimatum to the Russians, due on Saturday to explain their presence and activity on the borders. Japan bulls should be mindful of the bearish crossover of the 40 and 200 DMA in the Nikkei. USD/JPY ends the NY session right near the 200 HMA at 102.30.
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