The USDJPY has punched higher over the last two days after the political maneuvering in the Japan has led to a possible dissolution of the House of Representatives. This measure would lead to elections that could introduce a new leadership that favors measures that could result in a weaker yen.
From a technical standpoint the pair is now once again resting about mid range. The cross has traveled in a narrow range over the last month. The top of the range is between 80.60/.81 and the bottom is between 79.50/30. Until the range breaks, The range is your friend.
Keane Plan...Playing the range until it breaks.
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