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October 2, 2012

USD/JPY – Defying all the odds to stay above the key 78 level

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The last six months or so have seen the USD/JPY slowly declining from its March highs around 84. In the last few months it has been forming a descending triangle with a solid support level around the 78 level. Throughout the last month, this has consistently supported the Yen and temporarily halted... FF News: Technical

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