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USD/JPY To Drop Under 120.00

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The weekly PP and 20-day SMA failed to provide sufficient support in order to help the Buck outperform the Yen. As a result, the USD/JPY lost 14 pips and risks falling even deeper down today, as the mixed Chinese data boosted the Japanese currency. Furthermore, several Fed officials backed the[​IMG]

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