Forex Mid-Day Technical Report Japanese Yen Rebounds Strongly as Stock Markets Tumble Yen crosses stage a sharp reversal into US session following sharp fall in European and US stock markets. US stock investors are also concerned that surging oil prices above $96 a barrel, as also seen in higher than expected PCE price index released today, will force the Fed to be on hold, after a neutral to slightly hawkish statement from Fed yesterday. Further slide is seen after the disappointing ISM
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Thursday, November 1st, 2007 at 4:32 pm
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