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Driven By Central Bank

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Al Bawaba
February 23rd, 2007 - 12:49 GMT

US Dollar / Japanese Yen (USD/JPY): Will 2007 Be the Breakout Year?

Did you know that in 2006, the Japanese Yen had the tightest range against the US dollar in 35 years? Last year, volatility in the currency market contracted significantly, causing USD/JPY to remain restricted to a 10 big figure (each big figure is 100 pips) trading range. Over the past 35 years, the average high to low range of USD/JPY was approximately 30 big figures or 3000 pips. In 2006 ...
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