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USD/JPY Technical Analysis August 8, 2011

posted by Avatar FXEmpire 650 days ago in USD, JPY, Technical made popular 650 days ago

The USD/JPY pair fell on Friday as traders sold the Dollar off in the US session. The pair is decidedly bearish, but let us not forget that the Bank of Japan intervened recently. The pair is dangerous to short, as the BoJ has stated publicly that they are talking to other central banks to help with another intervention. This pair could be bought –
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