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USD/JPY moving higher as Japanese buyers getting more insistent

Thursday, April 16, 2015 4:40 AM UTC

AUD/JPY short covering and fresh demand also underpinning
USD/JPY has formed double bottom at 118.79 and encouraging fresh longs
Resistance 119.75/80 where tankan line, 20 day MA and Wednesday high converge

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USD/JPY moving higher as Japanese buyers getting more insistent

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