USD/JPY Ranging Into Year-End

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USD/JPY Ranging Into Year-End

By Greg Michalowski on March 27, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

With the Japanese year-end fast approaching the USD/JPY pair cannot get a bid strong enough to reflect the appreciation in US equity markets. Looking at the chart below we still like the pair to gain significantly in the beginning of Japan’s fiscal year. We will use the levels depicted below to guide the way.

usdjpy2

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