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No downside follow-through in USD/JPY

No downside follow-through in USD/JPY

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Jamie Coleman
19/11/2009 | 14:24 GMT

USD/JPY tried three probes below 88.70 but there were no fireworks. The lowest seen was 88.63. We’ve bounced back into the mid-88.80s each time and traders guess that we could see a short-squeeze if we get much above 88.85/90.

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