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We said it was not finished with the topside yet- USD lifts above 159.25

A little earlier today we noted how the USD/JPY had now traded above its 100 day moving average and momentarily stalled at 159.04, which was a previous interim high. We also said it was probably not finished with the topside yet and that has been the case, because the dollar has just now traded as high as 159.27

So, where it the next level on the radar? Well, looking at the daily charts right now, we cannot see much in the way of the 160 handle, but that is not to say it will get that far today. The USD/JPY is right now at 159.26
 

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