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Forex Trading Fundamental Analysis (2010/09/26) BOJ and the Yen Dilemma

The Yen kept in lock-step with the rest of the majors by exhibiting strength versus the US unit. This would support the argument that the US authorities would like a weaker dollar going forward, but this is in sharp contrast to what the Japanese want. Anecdotal evidence and common sense, given that Japan is an export driven economy, suggest that the Yen’s strength has to be severely damaging the Japanese economy. For more forex fundamental analysis on the yen, the BOJ, and USD/JPY, please click here.