APosner
Long

USD/JPY Stays on Trend

FX:USDJPY   U.S. Dollar/Japanese Yen
USD/JPY             briefly consolidated and retouched the 123.60 area and then resumed the rally from 5.14. Fundamentally the USD will be stronger than the Yen moving forward regardless of today’s GDP revisions. While the Fed contemplates raising rates the BOJ is only looking to inflate. The upside potential of this pair is still significant. Any selling today reflects short term traders closing positions for the weekend.
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