The line in the sand is shifting ...Middle East

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The line in the sand is shifting
It's about testing the waters now but the idea is not to get too carried away. That is the line of thinking among buyers in pushing USD/JPY higher above the 155.00 mark currently. The pair finally breached the figure level in US trading yesterday but there is no major overshoot yet. Right now, it is trading around 155.45 - its highest level since 1990.From a technical perspective, the April 1990 high only comes in at 160.40. That is arguably the next key level on the charts to watch. At the same time, it seems like the line in the sand is shifting as Japanese authorities are alluding to the 160 mark as being a more critical one than at 155.That being said, the pace of any decline in the yen

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