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USD/JPY Drops Through Previous January Lows

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 12, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The USD/JPY is dropping like a rock today in a delayed response to the recent return to the risk trade we mentioned in yesterday’s commentary. After printing strong Trade Balance data, China announced its second measure this week to tighten liquidity by increasing its rate of required reserves by 50...

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