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Dollar trading dominated by risk-off sentiment

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, the dollar painted again a mixed and diffuse picture. USD/JPY traded according to the usual risk-on/risk-off reaction function. A decline due to equity weakness in Asia and at the start of European trading slowed later on as US risk sentiment improved slightly. USD/JPY closed the session at 119.06 (from 119.40 on Monday). EUR/USD remained captured in a clear short-term downtrend. A soft EMU inflation reading reinforced the move, but the trend was already in place before the

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