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Ian Coleman - First 4 Trading
Ian Coleman is looking at USDJPY, and suggests selling at the open and at 102.40 with a stop at 102.60. For the third day in succession levels above 102.65 found sellers. This resulted in the trend of five higher daily highs being broken.
Article / 26 August 2011 at 13:29 GMT

Video: Japan's woes; PM quits, ratings cut, deflation, strong yen

Andrew Robinson Andrew Robinson
Market Analyst
Singapore
Japan definitely stole the headlines in Asia this week. It started with a credit ratings downgrade by Moody's and then the announcement of new government measures to counter appreciation of the Japanese yen. It ended with the resignation of the prime minister and the release of July CPI data which, though showing a slight improvement, confirmed that the weak economy is still struggling to break out of a deflationary environment. Andrew Robinson, Correspondent for Saxo Capital Markets, discusses Japan's troubling situation.

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