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USD/JPY Trade - Jan 31, 2012

BUY USD/JPY at 76.00, stop loss at 74.90 - look towards 80.00


- Current account support for the yen is disappearing - Japan reporting its first annual trade deficit in 30 years.

- Japan shutting down nuclear facilities, will likely have to keep importing energy - ie. deficits

- Bank of Japan indicated it wants to invest overseas - ie. buying foreign currencies

- Japan's Debt-to-GDP is 200%