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February 23, 2012

USD/JPY Climbs Above 80; Targets 80.50 then 81.50

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There is a break above the 80 handle and the USD/JPY continues to rally sharply since bouncing off 76.00. The daily chart shows a very bullish market the RSI pushes above 70 and 80. Although there it suggests near-term overbought condition, it also suggests strength in the break from recent... FF News: Technical

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