Like the NZD/USD, the USD/JPY is in the daily sell position since the high-low average for 15 Mar 2011 is below the weekly median. Today at the 5PM open the USD/JPY made approximately 494 pips in a sell position for the day.
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Hi PJ
yes this was a massive move in 1 day all due to the natural disaster and the reserve bank of japan responding accordingly. Interestingly enough the currency bounced back from 77.00 to 82.00 on the 17th and 18th. Unfortunately I was not trading those days and missed out on the big moves
Karim
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