![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsI2DKiAvIFzn6wHr6kTpWlUyBgybi9Q39DUQU-G9-sivZxeJC6WS_KWXmeH7XqNd3SvEBSkkzeXZ12aSvXUMTTfmQTduCdhGCa_XgcAqRN39ek6yLohCV_8lIXoEJrxwCYyDeTfzxzzk/s400/USD-JPY-28Apr08.PNG)
The USD-JPY has reached an important resistance level and appears destined for a sell-down. The USD has rallied to Y105, but it has yet to break out of its downtrend. The prospect of a higher US interest rates would be a possible reason for this to occur, however I dont see higher Fed rates just yet.
Still looking for the USD to fall to Y85.
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Andrew Sheldon
www.sheldonthinks.com
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