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The Yen is ready for even better actions

11 February 2016, USD/JPY

The Japanese seems to enjoy uts strengthening against the US dollar.

We see no chances for correction, although it seems that such a smooth movement implies it after all. We assume the extension in the wave iii of the downward momentum. In this case, in the near future we can expect a continued drop of the pair within the downward scenario

The Yen is ready for even better actions

Vasiliy Lukin
Analyst of «FreshForex» company
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