| Subject: Japanese Yen Showing Morning Star |
Author:
Calvin Walker
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Date Posted: 19/04/07 21:19
As our prediction at Monday, Yen has pushed by carry-traders liquidations from 119 to 117 and start bounce today.
As we said, G7 make no special comments on weak Yen, although no surprise on Dollar side, but the facts is there are 4.9% differences between Yen and Dollar¡¦s rate, the carry-trader will start new positions after profit took.
Technically, our favorite indicator 22 moving average crossed 55 moving average, and from the below candle stick chart.....
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