Friday, 18 January 2013

No Let-Up In JPY Selling

No let-up in JPY selling with USD/JPY at a fresh 7-month high of 82.76, 83.20 is next resistance. EUR/JPY follows up with a fresh 6-month high of 106.42, 106.57 is its 2009-2012 resistance line which may prove a sticking point on the way up. AUD/JPY and GBP/JPY also at fresh 7-month highs of 85.88 and 132.20 respectively.

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