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Yen is at a level that can be important turning point
13 hours ago ago from UnBiasedTrading (TM)
The yen as measured by $XJY (which goes up when the yen does (unlike the popularly reported dollar-yen pair that quotes lower when the yen strengthens) hit the 50% retrace to the August lows. It's giving signs that it may tick back up, which would confirm the possibility that this retrace marked the turning point to send it uptrending again. The main alternative to this view would probably be that, if it lost this support level, it could try ...
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