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USD/JPY Technical Analysis August 3, 2011

posted by Avatar FXEmpire 659 days ago in USD, JPY, Technical made popular 659 days ago

The USD/JPY pair fell on Tuesday as traders piled into the “risk off” trade in all markets. The debt limit crisis seems to have only left more questions than answers, and the situation in the European bond markets is only getting worse. In time like this, traders buy the Yen. We expect this trend to continue, but one has to wonder when the Bank of
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