JPY Trading Outlook (04-04-2014)

USD/JPY: Tight ranges in play before the NFP of 103.80-104.10. Major move for the yen crosses would be EUR/JPY, dropped from a high of 143.44 to below 50% Fib of 142.62. Key support for USD/JPY would be 103.10 and key resistance will be at 104.59. Tight ranges should still be in play before the NFP.

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