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What’s going on with USD/JPY?

Those of you that are trend followers are probably eagerly watching USD/JPY to see if its latest 0.92% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.

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Important price line being approached by BTCJPY. This price has been tested numerous times before.

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We expect 6J to trend upwards today with a 80% chance.

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