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USDJPY – JPY Finally Capitulating?

March 20th, 2011 by forexcityguy

We all know of the Fukushima nuclear meltdown and the Tsunami, and the Earthquake in Japan, what you probably don’t know is that the Bank of Japan has injected billions perhaps trillions of dollars into the market to help stave of disaster, economic that is, keep their currency low (which was rising quickly)  so you see USDJPY finally shoot up way off the yearly lows and gain quite a bit.

 

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