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Hardy: How I'm trading the 'powerful trend' in USDJPY

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As USDJPY reaches seven year highs, Saxo Bank's Head of FX Strategy, John Hardy, says this is a 'powerful trend' and there's plenty of scope for the yen to lose even more ground in the coming weeks. USDJPY hit 116 on Tuesday and chart projections suggest 119 is easily in reach.
John explains what's going on in the FX markets and why we're seeing dollar strength largely across the board. Emerging market currencies and AUD are also printing lower this Tuesday.