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Greg Michalowski

USD/JPY Catching A Bid

By Greg Michalowski on July 23, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The USD/JPY pair bounced off the 200 hr moving average and looks to be heading to the 100hr mavg and coincidentally the 50% retracement of this weeks move as the Yen looks to have lost its bid on speculation that Japanese funds will be buying overseas assets.

usdjpy3

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