USD/JPY in a Technical Week

Written March 4, 2010 at 9:41 PM EST by  

In an extremely quiet Asian session ahead of tomorrows much anticipated US Non-Farm Payroll release, we see that the USD/JPY pair has been trading between the 50% and 61.8% retracement the entire week, using the those levels as support and resistance. It will be interesting to see if that range is broken following tomorrow mornings US release.

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