Fresh Lows in USD/YEN
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The currency market is seeing a huge intra-day move in USD/JPY as the currency pair breaks levels not seen since February. The move is tied to weak manufacturing "Philly Fe" data out of the US.
The spot price of USD/JPY is nearing 79, which could prove to be supportive.
USD/JPY can be traded using the ETF CurrencyShares Japanese Yen Trust (NYSE: FXY).
The spot price of USD/JPY is nearing 79, which could prove to be supportive.
USD/JPY can be traded using the ETF CurrencyShares Japanese Yen Trust (NYSE: FXY).
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