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USD/JPY bulls regaining strength

Thursday, March 19, 2015 8:22 AM UTC

Longs suffered post FOMC with slide to 119.29 in NY
Expiry of 121.00 strike on Fri at the NY cut worth 3.6bn
Drop led to a shake out of longs; enables healthy rebuilding by bulls
Subsequent gains and hourly hammer lead to an Asian recovery

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FxWirePro: EUR/AUD maintains bearish bias with focus on 1.6800

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USD/JPY bulls regaining strength

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