USD/JPY: Waiting for the NFP at 2-year highs

Posted by on Jan 4, 2013

The USD/JPY trades around 88.20, levels not seen since July 2010 as dollar advances across the board. The strong slump in gold following FED Minutes extends today, helping greenback gains. Ahead of the US employment data, the pair continues to look overbought, although with no signs of changing bias: indicators head higher and higher highs daily basis, suggest the trend holds its full-shape. Price reaction over the upcoming hours, will depend almost exclusively on the data, as usually the pair
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