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Non-Tech : The Woodshed
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To: SwampDogg who wrote (19999)1/15/2005 11:21:01 PM
From: nspolar  Read Replies (1) of 60908
 
The $XJY is Dollar per Yen if I'm not mistaken. 120 from here means the dollar weakens, and it is Dollar/Yen. The Yen buys more dollars as it strengthens. We were talking $XJY here not, yen per dollar.

The $XJY has been rising steadily from the beginning of '02, as the Yen strengthens relative to the dollar.

Similarly with $XBP, $CDW, $XAD, $XSF.

I try not to get inverted when I'm doing these studies, save that for other events.
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