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Price & Time Analysis: USD/JPY

• USD/JPY traded at its highest levels since December of 2007 earlier today
• Our near-term trend bias is higher in USD/JPY while above 113.15
• The 200% extension of the October decline near 115.00 in the next important resistance zone
• A minor turn window is seen early next week
• A daily close under 113.15 would turn us negative

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