Tuesday, 14 February 2012
USD/JPY is the never ending wedge finally ending?
Could be. If so, the measured target would be the top of the wedge, at above 120. If the USD/JPY rises, will it be harbinger of broader $US strength? Or of broader $US weakness? 79.7 marks the low of the 1990s, a potential overhead resistance zone.
at Australian Eastern Daylight Saving Time
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