USDJPY: Turns Off The 88.12 Level, Remains Vulnerable

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03-05-2010, 01:25 PM

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USDJPY: Turns Off The 88.12 Level, Remains Vulnerable

Despite USDJPY's backed off the 88.12 level to close higher on Thursday, we still see risk to the downside as its current strength is seen as a correction of its decline from the 93.74 � 88.12 levels. While the present strength is limited to the 90.35 level, its Feb 24�09...

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