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US dollar attempts to recover against the Japanese genen first a quick word from our sponsor the video is brought to you by EXs the worldamp;#39;s leading retail brokerage firm offer an ultra fast execution and no overnight fees look for a link in the description below the US dollar has rallied slightly against the Japanese Yen although it has given up some of its gains in the early hours on Tuesday looking at this chart from a longer term perspective there was a trend line broken we did rally to test it early on Tuesday but then it looks as if we failed just below it so weamp;#39;ll have to wait and see whether or not we can pick up any momentum I think at this point in time a break above the 147.5 level could be a signal that we are going to in fact recover on the other hand if we break down below the 140 3 y level then we probably continue to see downward pressure in general this is a market that has been brutally sold off due to the carry trade unwind and if the carry trade conti
