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USD/JPY Sags as Investors Flee to the Dollar

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

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY is selling off from our 3rd tier downtrend line after the currency pair failed to climb past previous June highs. Encouragingly, the pullback comes on declining volume while lacking the conviction to the downside like that of the EUR/USD. We are not surprised by the USD/JPY’s current weakness,...

    complete article here...

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