30 November 2001, 08:53 Currencytalk: USD/JPY sellers at 123.70 don't materialize. Resistance now at 123.95-05.
Shorts were again forced to cover on the break above 123.70 as sellers failed to materialize in any strength at that level. USD/JPY has now hit a high of 123.91 where it should confront options protection on approach to 124.00.
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