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Weakness Seen in All Japanese Yen Crosses

Tuesday, 29 April 2008 20:37:56 GMT

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Written by Kathy Lien, Chief Strategist

All of the Japanese Yen Crosses have sold off today with the biggest drop seen in GBP/JPY and NZD/JPY.

Stock market traders are treading carefully ahead of the FOMC rate decision while the move in the Yen crosses confirm that some traders are lightening up on risk.

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