USDJPY Sep 12 to Sep 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Violent reaction to eurozone problems sending US dollar higher against all majors. Tagged Y+2 and closed the week above Y+1.

Outlook
Unlike other majors, dollar yen is not breaking out to the upside. More like a drift in an upchannel. Consolidation in B-0 to B+1 is expected.

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