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The yen continues to attack

04 January 2016, USD/JPY

The Japanese currency is gaining more and more confidence.

After Opening, the US dollar has lost more than 170 points and it is obviously not the limit.

It is clear that at present extension in wave iii of descending impulse is being formed.

So, if this assumption is correct, in the future we can expect continued impulse drop of pair within the frames of the mentioned scenario

The yen continues to attack

Vasiliy Lukin
FreshForex Analyst
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