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Monday, June 19, 2006

USD/JPY: A Close - Up

Overnight, stocks were essentially flat while the Dollar made additional gains. Starting off the week in the U.S., the Dollar Index is up 41 points. The possibility exists for some slow trading in the coming weeks, as the end of the quarter nears and the next Fed meeting approaches. With the recent high volatility, it is likely that traders will be hesitant to add large positions and risk any quarterly gains before the end of the quarter. Read More....