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Thursday, 24 July 2014

140724 EUR/JPY mirrors EUR/USD but faster

As the US Dollar slips against the Yen and the Euro slips against the Dollar, the EUR/JPY miorrors the EUR/USD, but at a faster rate, around 25% faster:

Click on image for larger view.

At first sight, this suggests that the EUR/JPY is a better short punt than the EUR/USD. However, at this moment in time, the EUR/JPY is nearer the bottom of its range than the EUR/USD, making the latter the safer punt.

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