JPY Trading Outlook (05-03-2014)

USD/JPY: Due to Putin’s statement, the pair rallied above 102, retook the Tenkan & Kijun at 102.01/102.10 but is now stalling at Friday’s high of 102.30, below the cloud base at 102.50. Market awaits for Nikkei opens in early Asia and will try to position themselves for Non-Farm Employment.

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