USDJPY RANGE RANGE RANGE

The USDJPY has manged to stay within a 60 pip range for most part of the last month.  The cross could break higher if expectations for further QE diminish leading to higher interest rates on USD bonds.  The pair is closing the week at the range top at 78.60.  A break of this level could expose 79.15.  Channel support can still be found at 78.

Sup   .78

Res    78.60

Keane Insights:  Watch USD yields for hints.

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