USD/JPY Forecast for the Week of December 19, 2011

Published: Jan 1, 2011, 24:00 UTC1min read
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USD/JPY had another fairly quiet week this previous week as traders simply continue to play ping pong in a very tight range. The Bank of Japan is waiting below near the 75 handle, and the 80 level is waiting above. Until one of these levels gives way, taking a long-term
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USD/JPY had another fairly quiet week this previous week as traders simply continue to play ping pong in a very tight range. The Bank of Japan is waiting below near the 75 handle, and the 80 level is waiting above. Until one of these levels gives way, taking a long-term trade will be almost impossible as the market is for scalpers at the moment.

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USD/JPY Forecast for the Week of December 19, 2011
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