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US dollar is losing ground

04 December 2015, USD/JPY

Today we can expect as violent price fluctuations as we witnessed yesterday.

However, success of other currencies' movement against the US dollar can encourage the Japanese currency to show some result.

We can notice that the pair is not ready to continue to grow, and this means that we are waiting for at least development of a corrective decline.

Meanwhile, in the near future we expected formation of the wave iii of the downward momentum.

US dollar is losing ground

Vasiliy Lukin
Analyst of «FreshForex» company
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