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USD/JPY: Headed to 85

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The US dollar continued to hit new decade lows against the Japanese Yen and is inching closer to my 85 target. As you can see in the chart below, there is no support from here to 85. With US interest rates below Japanese rates, more adjustment is happening in USD/JPY....

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