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May 17, 2012

USD/JPY Falling Sharply From Range Resistance and BoJ Chatter

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USD/JPY failed to break above the May high and essentially range resistance at about 80.55. So no returning to 50% retracement at 81.78 for now, especially now that it has falling below 80.00 and even a trendline seen int he 4H chart during the 5/17 US trading session. According to ForexLive's Ad... FF News: Technical

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