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Strategy Favors Selling US Dollar, Japanese Yen

Strategy Favors Selling US Dollar, Japanese Yen

David Rodriguez, Head of Product

Article Summary: We remain bearish the US Dollar and Japanese Yen as forex market conditions favor further losses in the safe-haven currencies. We will look for any noteworthy USD and JPY bounces to sell into strength, while range trading most broadly represents our favored trading style in the week ahead.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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