JPY Trading Outlook (18-03-2014)

USD/JPY: As tensions in Crimea cools off, safe heaven were sold, Nikkei rallied and all of the yen crosses made some come back from last week’s sell off, with AUD/JPY being the biggest winner. Current resistance for the pair is at 102.27 (Kijun), market will be focusing on the FOMC statement even though continuous tapering is expected.

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