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Sellers still driving Nikkei, USD/JPY lower
USD/JPY got breify above 117 in the immediate wake of the GDP data but its been heavy ever since, as has the nikkei – both lower as we haed in to the TSE lunch break. Some weak-hand USD/JPY longs were taken out on Friday in the US while the chatter on morning’s selling is from longer-term positions locking in profit. That’s the general, overall picture … as always the motivations of sellers and buyers is much more mixed. But the orders to sell below 115.95 are driving it at present.
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- Nov 16, 2014 9:54pm Nov 16, 2014 9:54pm
- Ahmed Seira
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