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USD/JPY off from 121.57

Friday, March 13, 2015 6:17 AM UTC

Nikkei closed +263.14 pts, +1.39% at 19,254.25, just off 19,335.80 high.
USD/JPY up slightly to 121.57 with Nikkei just off high.
Bias up for both and correlation to be seen next week.
USD/JPY limited by option expiries - 121.00 (1.556 bln), 122.00 (1.070).
Support at climbing 121.31 100-HMA, 120.71 daily tenkan, 120.65 200-HMA.
Offers move up from above 121.50, more 122.00+ but stops 122.04+.

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USD/JPY off from 121.57

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