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Yen Technical Outlook

Thursday, 16 October 2008 14:34:47 GMT

Written by Jamie Saettele, Senior Currency Strategist

Remaining below 103.10 keeps the longer term bearish count intact in which the USDJPY will accelerate lower and drop below 95.72. 

Be sure to view the long term USDJPY wave count, which you may find shocking (at how bearish I am).  Yen crosses are volatile but present opportunities.

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