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June 5, 2012

USD/JPY gets a bump, but still trading within a bearish market

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The USD/JPY picked up some bullish momentum during the US session pushing above the initial range established after the poor NFP release on 6/1. Against my expectations that the USD would be pressured against the JPY due to an increase of QE prospect while the BoJ has stopped its bond purchase... FF News: Technical

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