USD/JPY breaks above 124.00 to fresh 8-year high. Nears major level.

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Adam Button

27/05/2015 | 17:21 GMT

USD/JPY is an unstoppable machine

A breakout is a breakout. It's overbought but breakout are always overbought.

The June 2007 high is 124.13. After that we're talking about the 2002 highs.

Update:

Quick rejection and back down to 123.86.

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