The Japanese Yen has been sold-off heavily as savvy buyers get busy pricing in so many promises by the candidate to replace Japan PM Mr. Noda at the helm of the Japanese Government. USD/JPY has broken through a long-held trendline coming from 101.00, with the spot rate hitting 80.80, a level not seen since early May. According to FXWW Founder Sean Lee, "a clean break through the technical resistance at 80.65 - happening - and there should have us buying dips for 84.00..."
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