USD / JPY crept higher associated strong U.S. retail sales in July, which has prompted optimism in the U.S. economy and the improvement in risk appetite, said Kengo Suzuki, forex strategist at Mizuho Securities in Tokyo.
He said that the resistance to be around 79.00 yen, where the 'exporters to sell can be seen, and also at 79.14. "The yen seems to aim for the target 79," he said, citing the range 78.60 to 79.10. Yen last move near 78.86 yesterday.
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