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Yen Strengthens on Improvement in Industrial Production

Discussion in 'Technical Analysis' started by ActionForex.com, May 29, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The USD/JPY's run is fading quickly, backing away from our 2nd tier downtrend line while giving into the heavy downward pressures exerted on price. Present weakness in the USD/JPY comes after a head-turning 5.2% growth in industrial production, giving investors incentive to appreciate the Yen. Investors seem to be ignoring...

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