Thread: JPY
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Old 24-09-2009, 08:28
Tiger21 Tiger21 is offline
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Join Date: Sep 2009
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Default JPY

The yen is appreciating relative to the dollar, hitting 90.49, on speculation that companies are repatriating funds before the end of the fiscal first half. With the three day weekend there are a lot of yen purchase orders from exporters. This could provide additional strength for the yen for a nice short-term trade the next day or two. Buy yen.
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