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USDJPY technical analysis

USDJPY Tech analysis by Simon Kazinsky on 12:17 Octuber 14, 2014 EST



USDJPY has declined about 3 yen from its multi year high on the first of October when it reached 110.08.

However, the medium term trend is up and it is not threaten yet as shown in the chart above. It would take the yen to close below 103 to start treating this decline more seriously.

Retail traders are broadly neutral on this pair at present.





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