USDJPY DRIFTS HIGHER
30
Aug
2012
2012
Heading into tomorrows Jackson Hole speech the USDJPY will most likely have the purest reaction. Any announcement regarding future balance sheet increases or possible increases will send this pair lower. initial support begins at 77.60 but if additional QE is suggested the pair could move towards the year to date lows near 76. If QE is placed on the back burner a move back up towards 80 may play out.
Sup 77.60 76
Res 80/80.60
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