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Trading on 25-29 Jan 2010
News
-The yen tends to rise during times of economic uncertainty because Japan’s trade surplus makes it less reliant on foreign capital.
-The Obama bank risk-taking measures place a dark cloud over the U.S. recovery, which makes the environment quite dollar-negative, and the yen strong.
-Greece will struggle to contain its budget deficit within the European Union’s limits.
Conclusion
Short EURJPY
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