JPY Trading Outlook (26-03-2014)
USD/JPY: The pair is still playing in a tight range, bids in London tried to push the pair down to 102. However, Plosser’s comments and a nice pop in US Consumer Confidence helped USD/JPY to its 102.49 high by the daily Kijun and just above the cloud. The pair needs to break either 102 or 102.80 to provide better indication for traders.
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