Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
50% of the move down from last weeks high tested at 109.95. The 200 hour MA is at 110.036
The USDJPY as traded up to 109.94 and is getting closer to the resistance target including the:
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