Yen strengthening this week has manifested itself in a dramatic fashion on USD/JPY. Needless to say, the 300+ pip plummet in the pair yesterday, not to mention the even more drastic drops in the yen crosses, highlighted the sheer magnitude of the yen’s very recent dominance. For more technical analysis on this currency pair, please click here for Thursday’s (7/09/2009) Chart of the Day.
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