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USD/JPY two-month range top under gun on stellar Housing data

Tuesday, May 19, 2015 1:14 PM UTC

USD/JPY two-month range top under gun after stellar Housing Starts/Perms data
Pair probes upper 21-day Bolli at 120.45; offers 120.50/85/121
Low volumes & fairly tight weekly Bolli create potential energy for breakout
121+ close may back off export offers
Treasury-JGB yield spreads rising; 10s close to May highs

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USD/JPY two-month range top under gun on stellar Housing data

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