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July 1, 2012

USDJPY: Loses Upside Momentum, Risk Points Lower

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USDJPY: The pair has backed off higher prices and turned lower the past week, leaving the risk of further weakness on the cards. Unless it returns above the 80.59 level, we should see further weakness towards the 78.78 level. A turn below here will call for a run at the 77.66 level. Further down,... FF News: Technical

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