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USD/JPY Technical Analysis August 4, 2011

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

USD/JPY fell again on Wednesday as traders continue to take risk off in the markets. The pair is certainly oversold, but then again – it has been for a very, very long time. The Bank of Japan has been jawboning this pair again, and as such – we think they are going to get involved if this keeps up. Because of this, we are staying out of this pair,
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