ninasimone
Long

Yen going to rebound?

FX:USDJPY   U.S. Dollar/Japanese Yen
79 0 1
Last week the USD/JPY             pair again managed to reach local             highs, after which it suddenly turned bearish and fast gave up 500 points within several hours. Despite this I still expect the pair to advance up to 10-year lows, and for this reason any breach of the closest high will give a chance to launch long positions.

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