USD/JPY Forecast January 9th, 2012, Technical Analysis

The USD/JPY pair fell on Friday as traders sold off risk everywhere, and the Yen got a bid in general. However, the pair is near the bottom of its most recent range, and the levels below will certainly attract the attention of the Bank of Japan. If we were to sell, we would need a bounce to do it from as the area we are in will certainly start jawboning by the BoJ.

USD/JPY Forecast January 9th, 2012, Technical Analysis
USD/JPY Forecast January 9th, 2012, Technical Analysis

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