Forex Trading: USDJPY moving above 200 hour resistance at 104.14
Posted by Greg Michalowski on Thu, 05/22/2008 - 1:13pm in
The pair has squeezed higher above the 104.14 level. Pimco's Gross spoke of higher US inflation then what is being reported (perhaps as high as 1% higher). Perhaps it implies the Fed needing to tighten policy.
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