Monday, September 1, 2014

USD/JPY Daily Outlook

USD/JPY surges to as high as 104.86 so far as recent rebound continues. Intraday bias is back on the upside for a test on 105.41 key resistance. At this point, we're still viewing USD/JPY as in a consolidation pattern from 105.41. Thus, we'd be cautious on strong resistance from 105.41



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