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USDJPY: Have the Bears Returned?

USDJPY: Have the Bears Returned?

2010-03-10 11:01:00
Ilya Spivak, Sr. Currency Strategist
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I booked profits on my USDJPY short position last week. Prices have since rebounded sharply toward the 0.91 level but have failed to build significant momentum beyond that. Prices are now in the middle of the range seen over recent months and I will remain on the sidelines for now until a firmer reading on the forhcoming trajectory emerges.

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