Saturday, January 3, 2015

USD/JPY Weekly Outlook

USD/JPY's consolidation from 121.84 continued last week. More corrective trading would be seen in near term. Below 118.85 minor support will turn bias to the downside for 115.55 support. At this point, we'd expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside as the



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