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Outlook for USD/JPY

Tuesday, March 10, 2015 4:44 PM UTC

BofA Merrill Lynch notes in a report on Tuesday:

We remain bullish and long USD/JPY. Pullbacks should be limited to old Triangle resistance, now support at 120.32/119.96.
It would take a break of the Mar-03, 119.38 low to negate the breakout and force us out of our long position.

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Outlook for USD/JPY

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