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Forex Trading: USD/JPY seeing some offer pressure after inching higher all nite...

Posted by Michael FX on Wed, 05/14/2008 - 5:17am in

USD/JPY seeing some offer pressure in the 40's, after inching higher all nite. It has been quite bid ever since the Retail Sales #s yesterday in NY where it was finally bid above the 104.00 figure level where it has slowly but surely made its way to the 105.45 area.

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