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Chart Of The Day: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 19, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    With the Bank of Japan cutting the overnight lending rate to 0.1%, among other relevant announcements from the BOJ, an upward retracement in the long embattled USD/JPY pair could very well extend its momentum going forward. As shown on the USD/JPY daily chart, price has made a substantial correction in...

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