JPY Trading Outlook (28-02-2013)

The Japanese Yen (JPY) the market responded aggressively to the Bernanke endorsement of the Japanese monetary losing plans and we have USD/JPY and the Yen crosses all break above resistance and threaten to resume there longer term uptrends. EUR/JPY is back above Y121 and broke out of a consolidation wedge yesterday to the topside.

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