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USD/JPY Begins The Year With A 140-Pip Slump

Discussion in 'Technical Analysis' started by Kaitlin, Jan 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Last week the USD/JPY currency pair retested the 120.00 major level and closed slightly higher—at 120.23. On Monday the USD weakened against the JPY significantly, the demand for which rose after Chinese data disappointed. As a result, the given pair fell to a fresh two-month low, and keeps edging lower[​IMG]

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