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USD/JPY to Crack Under Pressure

The Japanese Yen has been one of the major winners from the current stock market rout. This traditionally risk-off currency has benefited in August and September as the world's stock markets entered a correction phase. In August the USD/JPY fell by 274 pips while last month the pair lost a further 120 pips. We are currently consolidating within a larger downtrend, this is generally a trend-continuing pattern.
I expect that this downward trend will continue going into October. Seasonally, we see …
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Battle of the Biggest Losers to End in a Tie

The Euro and the Japanese Yen have been locked in a battle for the biggest loser among the majors this year. The central banks behind both currencies have engaged in a massive campaign of Quantitative Easing. This is turn had the side-effect of turning the Euro and the Yen into risk-off currencies. In other words, during times of high uncertainty and stock market losses, these two get bought up as the previous risk-on moves get reversed.
But enough of the fundamentals. In the technical space, we…
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