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Saturday, 28 July 2012

DailyFX - Forex Market News: Japanese Yen Reversal To Take Shape Amid Deviation In Policy Outlook

DailyFX - Forex Market News
Forex Market News
Japanese Yen Reversal To Take Shape Amid Deviation In Policy Outlook
Jul 27th 2012, 22:55

The Japanese Yen weakened against its U.S. counterpart amid the stronger-than-expected GDP report coming out of the world’s largest economy, and the USDJPY may continue to retrace the selloff from earlier this month as the Federal Reserve moves away from its easing cycle.

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