Tuesday, December 16, 2014

Yen Technical Outlook: More Yen Selling On Tap For 2015?

On a technical basis, USDJPY was kind to bulls in 2014. After consolidating in the 101.00-104.00 range for the first half of the year (not shown), rates finally broke out of the top of a descending wedge pattern in July and proceeded to surge to nearly 122.00 in early December.



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