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USD/JPY Inching Up

USD/JPY (a 4-hour chart of which is shown) as of Monday (11/29/2010) has continued to inch up slowly within the context of a new potential uptrend that has begun after bottoming out just above 80.00 early this month. After hitting that low extreme in the 80.20 price region, the pair has broken out above several different resistance levels. For more USD/JPY forex technical analysis, please click here.

James Chen, CTA, CMT