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USD/JPY: Understanding the Erratic

posted by Avatar fx360 1473 days ago in USD, JPY, Daily made popular 1473 days ago

Over the past two weeks, reversal of recession trades have pushed the U.S. dollar and Japanese Yen lower. However today's lack of economic data from the U.S. has led to profit taking in the currency market. However the correction is most likely a pause before further gains because rarely do we see a rally that moves in a straight line.
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