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USDJPY: Prices Stall at Major Channel Top

USDJPY: Prices Stall at Major Channel Top

2010-03-19 12:35:00
Ilya Spivak, Sr. Currency Strategist
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USD/JPY

Strategy: Flat

USDJPY positioning is little changed from what we identified last week, with prices stalling below major resistance at the upper boundary of a falling channel established from the high in April 2009. We will remain on the sidelines for now, watching how positioning evolves from here.

031810 JPY


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