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January 31, 2012

USDJPY: Takes Out The 76.54 Level, Sets Up For The 75.54 Level

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USDJPY: With USDJPY decisively violating its key support at the 76.54 level, risk of further declines is very high. This technical development now leaves the pair aiming at the 75.57 level, its Oct 30'2011 low where a break will resume its long term downtrend towards the 74.00 level ahead of the 73... FF News: Technical

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