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JPY Spikes Higher On Shock Equity Plunge

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jan 21, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    It has been a nervy afternoon's trading after a surprise plunge in US equity indices whiplashed FX markets and particularly JPY-crosses into risk aversion mode. The S&P index rapidly dropped around 1.3% shortly after the US open, seemingly with no news headlines triggering the move. The unexpected shock sent EURJPY...

    complete article here...

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