106.70 support-levels may gain sellers attention. USD/jpyusdjpys pullback from 109.10-20 is less likely to signal the pairs weakness unless a sustained drop beneath three-week-old upward slanting trend-line, at 108.40 now, takes place on the four-hour chart. Contact this broker/company *First name: *Last name: *Enter your email address here: *Country: *Phone: * By submitting this form, I agree to receive relevant marketing materials by phone or email. The downswing did not start in a random place. That truth can be currently seen on Gold, where we do have a strong bearish correction.
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Sellers attack precisely on the upper line of the channel up formation. EUR (the base currency ) is"d in terms. JPY (the counter currency ). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply. JPY to buy higher-yielding currencies, including, eUR. M provides the latest technical analysis of the, eUR jPY (Euro /Japanese Yen). You may find the analysis on a daily basis with forecasts for the global daily trend.
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