The Japanese yen turned weak against multiple major currencies in early Asian session trading, continued its retreat through most of the New York morning, then firmed up during the final two hours of the European trading day. Following the approval of changes to the eurozone rescue fund by Germany's lower house, price action on the EUR/USD currency pair was, in a word, "uninspiring."
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Curt Wehrley
FX Bootcamp's Quantitative Analyst
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