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As Dollar Weakness Presists, Yen May Rally

USDJPY: Retail trader data shows 69.2% of traders are net-long with the ratio of traders long to short at 2.25 to 1. In fact, traders have remained net-long since Dec 29 when USDJPY traded near 113.303; price has moved 2.5% lower since then. The number of traders net-long is 4.5% higher than yesterday and 0.6% […]

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