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USD/JPY breaks free of ranges; stops rumored
By Jamie Coleman || November 12, 2009 at 15:35 GMT
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USD/JPY has cleared a crowded area of resistance around 90.20 and just above, and trades now just shy of 90.50 where Exporter offers are rumored. We’ve heard talk of buy orders in the 90.60 area several times this week and assume they are still in force. Resistance on the short-term charts is seen at 90.75/80. 90.20 should be solid support on pullbacks near-term.
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