STOR suggesting a beginning of short/mid-term bearish swing for JPY

06/07/2011 07:17 UTC JPY swings lower as it weakens against the EUR, GBP, CHF, NZD and CAD. Recent mid-term strength indicator reading for JPY is 5 out of 8, thus suggesting that the current swing may be non-sustainable.

The following pairs may gain the most from the recent swing action:

EUR/JPY (Long)
CHF/JPY (Long)
NZD/JPY (Long)

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