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Will USDJPY 125 become the New 120?

Will USDJPY 125 become the New 120?

5 Years ago | June 10, 2015 00:00:00

After hitting a high at 122.02 on March 10, USDJPY fell back into a range focused on 120 for nearly two months before breaking out to a 13-year high above 125. As the chart below shows, it settled into a range from March 23 to June 18 bounded by 118.33 and 120.85 (2.52 point range). Over that period, 68% of the closes were 119.xx, 24% 120.xx and 8% 118.xx.

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