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USD/JPY Daily Fundamental Analysis for August 03, 2011

posted by Avatar FXEmpire 1086 days ago in USD, JPY, Fundamental made popular 1086 days ago

The USD/JPY pair dropped sharply reaching its postwar record, as confidence diminished even after the U.S. officials approved the debt ceiling plan. On the other hand, greenback soared against most of its major counterparts after the Congress approval.

Despite the new debt plan lunched by the U.S. lawmakers, the higher yielding currencies retreate
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