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USD/JPY hourly Cloud base has been rejecting rallies

Wednesday, March 25, 2015 12:29 PM UTC

Source: Thomson Reuters

USD/JPY likely squeezed between up TrendLine & hourly Cloud
Year's up TrendLine held Tues's low, now at 119.30 & key lower pivot; stops sub 119
Hourly Cloud base has been rejecting rallies, last at 119.60, but about to bottom
Pair may see support from 1.9bln of 120 expiries, but fighting broad USD weakness
2nd tier & Feb US data unlikely to have much impact, 2-yr yield spread up

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USD/JPY hourly Cloud base has been rejecting rallies

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