USD/JPY closing in on the 2012-high at 84.19

Breakout extension: The USD/JPY started to break from its recent consolidation range during the 12/12 session, when we had the FOMC and Bernanke event risks. This breakout has extended into now the 12/14 Asian session, nearing the 84.00 handle at 11:00PM EST. The rally has brought the RSI above 70…

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USD/JPY closing in on the 2012-high at 84.19

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