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Yen Technical Outlook

Wednesday, 16 July 2008 12:41:35 GMT

Written by Boris Schlossberg, Senior Currency Strategist

Dollar yen is creating a knee jerk bounce as we write this but 105.37 remain formidable resistance and our bearish view remains unchanged.

Visit our recently updated Yen Currency Room for specific resources geared towards this currency.

STRATEGY: Bearish, against 106.81, targets 101.97 and below

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