USD/JPY: The dollar declined as investors remained uncertain whether the outcome of U.S-China trade talks will produce progress in ending the year-long trade war that has dented growth in global markets. The pair was trading 0.1 percent down at 107.66, having hit a low of 106.78 on Tuesday, its lowest since Jan. 3. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. personal consumption expenditure, Chicago Purchasing Manager Index and Michigan consumer sentiment index. Immediate resistance is located at 108.30 (78.6% retracement of 108.72 and 106.78), a break above targets 108.80 (June 11 High). On the downside, support is seen at 107.24 (June 24 Low), a break below could take it lower at 106.78 (June 25 Low).
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