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March 26, 2012

USD/JPY – Technical Assessment and Fundamental Risks

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The USD/JPY fell to a low of 81.95 and returned above 82.00 to end 3/23 Friday trading. This completes a projection for the zig zag correction, where wave Y is 161.8% expansion of wave W. Note that this 82.00 handle also represents a pivot area that found buying on 3/13 after a brief bearish abc... FF News: Technical

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