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maccabean

Confluence of Support a good base for USDJPY

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
maccabean  
FX:USDJPY   U.S. Dollar / Japanese Yen
6
0
A confluence of support will likely be a level from where the USDJPY will bounce higher from.

In the context of higher demand for US bonds by Japanese investors, this makes sense.
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