USD/JPY slips through 95.00

Cyprus is devolving into a farce with no one in charge, no votes and no ideas. Markets despise uncertainty and USD/JPY longs are hitting the ‘eject’ button.

Heavy bids to 95.00 have broken but more rest at 94.85/90 followed by 95.40. Stops below 94.20.

USDJPY daily ending March 19,2013

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