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September 14, 2012

USD/JPY - Monitor potential reversal - MIG Bank

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USD/JPY has broken its key support at 77.66. However, the subsequent upside reversal could indicate a short-term exhaustion of the selling pressure. Monitor the resistance at 78.33 (10/09/2012 high). USD/JPY is likely in a long-term bottoming process and is getting oversold both on a shortterm... FF News: Technical

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