Wednesday, September 2, 2009

EURJPY retreats, unable to break above 132.20

Wed, Sep 2 2009, 03:30 GMT

The sellers we mentioned earlier at 132.20 seem to have won the first round, with EURJPY unable to move up thru that level and retreating back to 131.80. We should note that the Chinese Index has also come off its highs, now up only 0.07%. Traders are weary of a reversal back into negative territory, thus trimming risk positions.

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