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USD/JPY sets new highs ahead Yellen

Tuesday, February 24, 2015 10:01 AM UTC

USD/JPY breaks recent highs as pre-Yellen flows reflect wide bid for dollars
EUR/JPY stops reached above 100-HMA 135.18
More influential 200-HMA 135.29
USD/JPY offers seen 119.80-90
Larger supply seen towards mid 120's
USD 500mln 119.75 expiries and USD 1.2bln 120.00's
Upside progress expected to hold ahead Yellen at 15GMT also cut for expiries

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USD/JPY sets new highs ahead Yellen

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