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USD/JPY next hurdle is upper 21-wk Bolli band at 121.60

Friday, May 22, 2015 1:09 PM UTC

Source: Thomson Reuters

Treasury yield curve flattening after CPI data, brings new May USD/JPY high
USD/JPY next hurdle is upper 21-wk Bolli band at 121.60; 121.46 the on-close pivot
2.2b of 122.00 expires at 10ET a draw toward the 122.04 trend high
Small amount of net spec IMM short Yen positions leaves more room for rise
Yellen's 13:00ET speech key to keeping tightening hopes & USD up

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USD/JPY next hurdle is upper 21-wk Bolli band at 121.60

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