USD/JPY Technical Update – WC 11th February 2013

The dollar/yen pair has seen a corrective move lower after hitting the long-term Fibonacci 38.2% retrace level from the 2007 > 2011 decline. This comes as the Japanese yen has depreciated 18% versus the US dollar since mid-November 2012. Fridays daily range came in at 212% of the 60-day ADR and …

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