© Dukascopy
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Daily maximum: 76.95
Daily minimum: 76.77
USD/JPY inched lower today as worries intensified over the European financial turmoil, causing investors to purchase the Japanese yen against the American dollar. Therefore, the market mean at 76.87 has been approached. Investors should be aware of the resistance levels at 77.11/30/75 and support lines at 76.65/83 and 75.93 respectively. The daily outlook is strongly bearish.