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USD/JPY Heads Towards Important Support

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 13, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Yen is continuing its appreciation against the Dollar as investors exercise risk-aversion tactics in reaction to weaker than expected retail sales and employment data. The USD/JPY’s decline coupled with gains in the GBP/USD and EUR/USD indicate investors are exiting the Dollar. Despite the USD/JPY’s present pullback, the currency pair...

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