Tuesday, December 30, 2014

USDJPY's Dip Could Extend, but Long-Term Uptrend Still Healthy

While the aforementioned fundamental reasons for the drop are likely temporary and the longer-term trend remains bullish, there may still be room for a deeper pullback in USDJPY over the course of this week. The unit put in a clear double top at 120.75, and though rates have already reached



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