USDJPY, Market Commentary, 15th April 2010

By IBTimes Staff Reporter | April 15 2010 7:50 AM

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USD/JPY closed lower on Wednesday and the mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bearish signalling that a short-term high might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a long-term high has been posted. If it renews last month's rally, last August's high crossing is the next upside target.

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