Long USDJPY and short NZDUSD were neck-and-neck as the biggest movers this week, gaining about 3.5%.
The rebound in USDJPY completely wiped out the losses from the week before and sets up a continuation higher as USDJPY longs remain the main theme of 2013.
USDJPY fell almost precisely to the 38.2% retracement. With US yields rising and the Fed promising a stronger recovery, the upside looms. Further confirmation would come on a rise above last week`s high of 99.28.
The decline fell to the 38.2%
