JPY Trading Outlook (04-03-2014)

USD/JPY: Tensions from Ukraine made investors moved to the safe heaven, the Japanese Yen. However, losses was limited from this pair as enormous bids ahead of 101, which is the weekly Kijun line support. Real money sold at NY morning bounce to 101.55, but ran into 1.5+ yards of bids in the mid 101.30s, stalling around 101.30-40s

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