USD/JPY hits 110: will the rally pause for breath now?

Overnight, the USD/JPY pair finally entered the key 110.00-110.65 technical area (see monthly chart in figure 1). The lower end of this range, i.e. 110, is a key psychological barrier while the 110.65 level was the high achieved back in August 2008. Around these levels one would expect to see some…

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USD/JPY hits 110: will the rally pause for breath now?

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