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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#1647 (permalink)

08-08-2008, 09:57 PM

John Kicklighter John Kicklighter is offline

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Quote:

Originally Posted by xxljmzlxx

Since USD/JPY has broken the 110 barrier, anyone betting on a EUR/JPY reversal @ 164.50? Any chances for a bounce back to 169 range?

Thank for any input

I would think that the USDJPY would be more likely to follow the EURJPY on the basis that the carry trade has broken down. (check out the report I put out on DailyFX)

On the other hand, next week we have a very disappointing Japanese GDP report expected to come across the wires (recessionary type stuff), which could put the EURJPY back up. But that is due later.

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