Thursday saw eralier drop of the US currency to 5-week low, but the speech of Atlanta Fed President Dennis Lockhart brought back monetary policy tightening speculation for June, July or September, as even Lockhart mentioned as possible terms, when rate-hike will be on the table. Such hints were the so-much expected boost for the dollar to bounce back and jump above the ¥119 level. Now we can see resistance level for take profit at ¥119.786, or later at ¥121.369. Support may be seen at ¥118.378, or at ¥117.261.
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