The USDJPY was the Queen of the dance on Thursday after the FOMC meeting.  All eyes were on the pair is it danced higher and lower.  After all the twisting and turning the cross finished the day thirty pips below were it started.  The question now is will the USDJPY find support at these level after QE of a different sort was introduced in the USA.  intervention talk was already making the rounds on Wednesday.  a push much lower may turn the talks into reality.  Support is at 77.35 and resistance is at 78.

Sup  77.35      77.00     76.00

Res   78

Keane Plan...At these levels I would not short this pair.  the only way to play this cross at the moment is long at support levels

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