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USD/JPY takes out 124.50 barriers; 125 breakout risks rebuke

Monday, June 1, 2015 3:45 PM UTC

USD/JPY clears barriers at 124.50; much larger RKOs at 125 are now being spied
Risk of Japan MOF or Econ Min rebuking a too-fast yen fall rises above 125
161.8% Fibos at 124.90/125.17 from Mar & '14 low bases add to 125's import
Without QQE3, a sustained 125 breakout will need help from firming US data & yields
Speed of yen slide also a key consideration & whether it's yen-centric or USD

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USD/JPY takes out 124.50 barriers; 125 breakout risks rebuke

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