JPY Trading Outlook (03-03-2014)
USD/JPY: Correlation between the Nikkei and S&P broke down. Bulls failed to push higher even though S&P blasted into new record territory on the back of beats in Chicago PMI and Consumer confidence from last week. The pair gapped lower as investors moves to safe heaven, JPY, causing the pair dropped to a low of 101.30 in early Asia.
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