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Forex Video Technical Update 05/11/2010 – Japanese Yen Shows Vulnerability after the BoJ Meeting
Written by article default Friday, 05 November 2010 10:06
Traders in the forex market went through a lot of event risks this week, and finally have passed the finale in the Bank of Japan meeting and US Non-Farm Payroll. There may be something developing in the Japanese Yen as there is no continuation of Japanese strength after these events. We may be setting up for a reversal and a cycle of weakness. Let’s take a look at the USD/JPY, EUR/JPY, GBP/JPY, CHF/JPY, AUD/JPY, and CAD/JPY pairs to assess this possibility.