Thursday, December 11, 2014

USD/JPY Daily Outlook

No change in USD/JPY's outlook. The correction from 121.84 short term top is expected to extend and deeper fall might be seen to 117.23 and below. At this point, we'd expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside and rebound. On the upside,



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