Long term channel holds for now, longs until 130

FX:USDJPY   U.S. Dollar / Japanese Yen
See the graph for some more detail. The idea is valid while the channel holds, however if it breaks down I would be revaluating entry points to go long, unless Abe             changes the rhetoric, which is unlikely at the moment.

Look for technicals on short time frame to enter the trade.

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