USD/JPY fell for the Friday session as it now looks very likely that the Federal Reserve will be forced to do more quantitative easing. The pair currently knocks on the door of 78, but oddly enough stopped right at the 78.00 level. The Bank of Japan is certainly at work.
The USD/CAD pair broke down past the .98 handle on Friday as commodity currencies got a bid. The level is significant, and if we can get a little bit lower - we are going a whole lot lower.
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