JPY Trading Outlook (26-02-2014)

USD/JPY: Weak US stock market opening and soft data got the pair in a sell off mode into the NY options cut. The daily cloud base at 102.19 and the Tenkan 102.09. Market was still unable to break out of either top or bottom range, the large amount of Japanese data due on Friday and some U.S data hopefully could give us a more clear picture on the pair.

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