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24 Feb 2014
Flash: Real test for USD/JPY comes at 103.45 - BBH
FXStreet (Bali) - The dollar's three-week uptrend against the yen remains intact, notes Marc Chandler, Head of FX at BBH.
Key Quotes
"The uptrend line drawn off the Feb 2 and 17 lows, caught the Fed 20 low. It comes in near JPY102 at the end of the week ahead. On the top side, there is immediate scope toward JPY103.10, but the real test is probably nearer JPY103.45."
Key Quotes
"The uptrend line drawn off the Feb 2 and 17 lows, caught the Fed 20 low. It comes in near JPY102 at the end of the week ahead. On the top side, there is immediate scope toward JPY103.10, but the real test is probably nearer JPY103.45."