USD/JPY Surges After Days of Steady Decline

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03-04-2010, 06:30 PM

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USD/JPY Surges After Days of Steady Decline

Technically speaking, today�s recovery is a welcome development considering the extent of the USD/JPY�s decline over the past week or so. In fact, the USD/JPY almost tested 88 before jolting back up above 89. However, downward pressure does remain on the currency pair since the BoJ and DPJ are still...

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