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What USD/JPY lack of?

Discussion in 'Forex Trading Room' started by ikonforex, Jan 13, 2011.

  1. ikonforex

    ikonforex New Member

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    Due to there is short of good material in news aspect, USD/JPY continued to follow its fluctuated trend within the interval of 82.80 to 83.50.

    The Tokyo market declined slightly, dropped to nearby 83.00 on the close order.

    European market began to rebound after opening, but was suffocated on 83.50 once again.

    The New York market once dropped to 82.80, hit the new record low that day.

    The operation suggestion is to stop loss on 82.70, and it cannot break 83.50 effectively on the upper level. Pay more attentions to the indicator result in the afternoon.

    Edited By Sarah
     
  2. Jhon Kumar

    Jhon Kumar New Member

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    According to some chatter today, there are some traders who are expecting to see a stronger Japanese yen in the short-term. Yesterday session saw USD/JPY hit a two-year high at 94.06, but has since been unable to generate any momentum. According to some traders yesterday’s high and today’s lack of follow-through could be an indication that momentum will start to favor the yen.
    It is hard to see that as many analysts are expecting the Bank of Japan to “aggressively ease” rates when the new Governor takes over in April. that still is a few months off so.
     

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