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USD/JPY Technical Analysis for the Week of July 25, 2011

By:
FX Empire Editorial Board
Updated: Jan 1, 2011, 00:00 GMT+00:00

The USD/JPY pair continues to slide as traders abandon the USD in droves around the markets. The pair was recently intervened in, and as such – it is a

USD/JPY Technical Analysis for the Week of July 25, 2011

The USD/JPY pair continues to slide as traders abandon the USD in droves around the markets. The pair was recently intervened in, and as such – it is a dangerous one to short at these levels. The technicals say sell, but the central banks could make you pay for doing so. As such, we are prepared to wait for buying signals.

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