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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST! -- Ignore unavailable to you. Want to Upgrade?

To: Spark who wrote (75)	3/21/2007 6:54:29 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 247

the JPY was a little bit neglected. As the carry trades go a bit tougher now and European majors not giving up, it is entirely possible that the JPY recovers what it gave back in the carry trade bounce. Any carry trade unwinding normally makes people buy JPY rather sell European majors. In around "86.10 with a middle tight stop. It could be a little against the wind in that with the loss of any rate fantasy the JPY might become a little bit more of a dog.