USDJPY trades at highest level since September 2008

The USDJPY is trading at the highest level since September 2008. The price has broken above the high from earlier this month and above the 61.8% of the move down from the 2007 high to the 2011 low at the 105.576. This is now the risk defining support level for the pair.

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USDJPY trades at highest level since September 2008