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Hi Friends,
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ForexTopManager.com.
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USD/JPY is seen rebounding from 76.85 lows recorded in early Asia, having reached a session high so far of 76.95 where price now hovers.
However, “Capital flows towards the Japanese yen continue increasing, with the USD/JPY trading steadily below 77.20, 100 DMA an immediate resistance zone. Next key support is the 76.50 area, where the pair may bounce in the short term, if reached although bounce will likely be limited due the general bearish sentiment in regards of the pair.” USD/JPY is 0.13% higher on the day with resistance levels at 77.20, 77.50 and 77.70, while support levels lie at 76.85, 76.50 and 76.20. (Source: FXStreet.com) |
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The Japanese yen extended gains versus its American counterpart this Tuesday, outperforming the USD even in the face of increased risk appetite, a correlation the Japanese Ministry of Finance surely does not welcome.
USD/JPY fell as low as 76.60 from an earlier high of 76.95, ending trade in New York at 76.72, 0.21% lower on the day. (Source: FXStreet.com) |
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Dear Friends,
6 MORE DAYS TO GO! COUNTING DOWN TO 2012 FIRST TRADING DAY! (16 Jan 2012, Monday) We welcome our returning and new friends on board! Come and join our platform, and enjoy fruitful profits! PM me if need more info. Regards |
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