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USD/JPY Bullish Stance

USD/JPY (a 4-hour chart of which is shown) as of Friday (12/10/2010) has displayed the fact that the U.S. dollar has shown marked strength this week while the Japanese yen has shown almost equally marked weakness against the other major currencies. After having re-broken back above the 83.00 support/resistance region early in the week ... For more USD/JPY forex technical analysis, please click here.

James Chen, CTA, CMT