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USD/JPY Daily Fundamental Analysis for August 08, 2011

posted by Avatar FXEmpire 651 days ago in USD, JPY, Fundamental made popular 651 days ago

The USD/JPY pair fluctuated last week sharply after the BOJ intervened in the FX market and sold the yen, as the Japanese currency retreated against most of its major counterparts due to the selling pressure from the BOJ.

On the other hand, the global stock markets dropped sharply on concerns about the outlook of the global economy recovery, where
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