So far, September has proven to be a big month for currencies. After consolidating for a large part of 2014, most major currencies hit multi-month and in some cases multi-year highs this past week. In almost every scenario, the moves were driven by the voracious demand for U.S. Dollars but negative developments abroad also increased the attractiveness of the greenback.

Weekly Chart indicates more upside movement on USDJPY and price could hit 109 or even 110 in next few weeks.

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