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Yen is over-stretched - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at Brown Brothers Harriman explained conditions surrounding the Yen.

    Key Quotes:

    "The yen is a stretch as illustrated by the weekly close below the lower Bollinger Band (~JPY108.85).'

    "However, there have been a few weekly downdrafts of the dollar that were larger, without sparking an intervention. "

    "We also recognize some preliminary sign that seasonality is playing a role. Of the past 11 years, the dollar has fallen in seven of the Aprils, including four of the past five."
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