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USD/JPY Daily Fundamental Analysis for August 09, 2011

posted by Avatar FXEmpire 680 days ago in USD, JPY, Fundamental made popular 680 days ago

The USD/JPY pair retreated early Monday losing most of last week’s gains, after Standard & Poor’s downgrade the U.S.’s long-term credit rating from AAA to AA+, which increased concerns over the global recovery outlook.

The risk aversion still controls the market, as investors are looking for the safest assets to invest in. On the other hand, deman
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