Pending Home Sales come in as expected. USDJPY dips to key support target
The Pending Home sales came in at +1.0% which was spot on what was expected. The market corrected off the most recent action with the EURUSD coming off a bit as has the GBPUSD. Action in those currency pairs remain contained.

The USDJPY has meanwhile moved lower to test key support at the 90.20 area where the 100 day MA, the 100 hour (90.22), the 200 hour (90.19 currently) and the trendline 90.21 all converge. I would expect buyers against these levels with stops on a move below.




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