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USD/JPY Drifts Lower After GDP Tops Expectations

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 16, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY is drifting lower today following stronger than expected Prelim GDP data from Japan. Furthermore, although the headline U.S. Retail Sales data topped expected, the Core number underperformed. Altogether, this could be a negative catalyst for the USD/JPY. The outperformance of Japan’s GDP could lead investors to favor the...

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