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Why a USD/JPY Break Below 100 Presents One of the Best Setups

Why a USD/JPY Break Below 100 Presents One of the Best Setups

2013-05-31 01:31:00
John Kicklighter, Chief Strategist
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There are two prominent themes that carry the greatest potential for developing a heavy and lasting theme: risk trends and the US dollar's run on 'taper' speculation. Both have created significant distortions and trade opportunities. However, there is a fundamental difference between what "should" happen and what actually occurs. The heady potential behind risk aversion and/or a dollar reversal are considerable; but without a consensus of the masses, such setups are merely ideal scenarios. Yet, there is a critical aspect to this market that leverages trade potential: a strong dollar and strong risk assets don't typically exist in the same environment for long. We discuss the trades supported by either a risk tumble or dollar tumble in today's video.

Use the DailyFX-Plus Technical Analyzer to identify possible trade setups.

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