Wednesday, December 17, 2014

USD/JPY Daily Outlook

Intraday bias is USD/JPY is mildly on the upside for recovery back to retest 121.84 high. But break of 121.84 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term first. At this point, we'd still expect strong support from 38.2% retracement of 105.19 to



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