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USD/JPY slumps to session low, below 97.75
Iwata’s comments sparked a rally to 98.33 but it has been quickly wiped out with S&P 500 futures down 14 points. Today has all the makings of a rock ‘n roll session. I struggle to see USD/JPY falling much lower because of surging US yields. The 10-year is trading 9 bps higher at 2.62% and resistance is negligible until close to 3%. The European low at 97.74 has given out but there is strong demand at 97.50 with stops below. Smaller bids at 97.20 and bigger ones ahead of 97.00.
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- Jun 24, 2013 8:56am Jun 24, 2013 8:56am
- PopatJunk
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- dbutton1990
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Good luck and may the odds be ever in your favor!
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- spekitox
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forget about tomorrow, just steal away into the night
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- spekitox
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forget about tomorrow, just steal away into the night
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- Jun 24, 2013 11:04am Jun 24, 2013 11:04am
- cppolybd
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