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USD/JPY short-term correction into US NFPs Friday likely

Tuesday, March 3, 2015 3:56 PM UTC

Source: Thomson Reuters

Risk of USD/JPY reversion down to 21-DMA, Kijun and/or Cloud top (118.84-56) rising
Day's high is just shy of key down TrendLine (120.35) & upper 21-day Bolli band
Outside down day so far suggests short-term correction into US NFPs Friday
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USD/JPY short-term correction into US NFPs Friday likely

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