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EUR/USD and USD/JPY Await Yellen Testimony Near Breakout Levels

By , Currency Strategist
11 February 2014 13:30 GMT

Talking Points:

- EURUSD and GBPUSD test breakout levels.

- USDJPY holding key 101.75 support.

- Watch for 'buy the rumor, sell the news.'

To keep up with developments regarding US economic data, the Federal Reseve's QE3 taper, and their collective impact on the US Dollar, be sure to sign up for my distribution list.

The EURUSD and USDJPY are vulnerable for reversals if the Fed Chair's testimony today 'disappoints' building expectations.

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

11 February 2014 13:30 GMT