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Dollar/yen Potential Buy From Support

The USDJPY uptrend stalled out today following a strong breakout above 100.00 and surge higher last Thursday and Friday. This market is clearly very strong right now and we would expect the uptrend to continue in the coming days. We can watch for price action buy signals on any retraces back to support in order to trade in-line with the underlying uptrend. The next key support to watch comes in down near 100.00 - 99.55 area.