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Bank Of Japan Goes Under Cover?

posted by Avatar forexalliancecom 107 days ago in JPY, Fundamental, Special made popular 107 days ago

The Japanese yen remained relatively tamed throughout the final months of 2011. Riding just above the 76.00 level, some had come to expect that traders were too afraid to take that step beyond the “line in the sand” set by Japanese central bankers. However, it now seems that it wasn’t fear that was holding back long yen positions.
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