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USD/JPY outlook

USD/JPY outlook

Forex Orders
Sean Lee
14/05/2012 | 22:48 GMT

We saw some heavy selling by big Japanese corporates yesterday in both USD/JPY and EUR/JPY and if this continues then USD/JPY will struggle to gain any bullish momentum. Dealers mention stop-loss sell orders now below 79.40 but support should be very solid 79.00/10. Looks like we should pick a 100-pip range and trade that.

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