3 The year 2006 is turning out to be a year of extremes in weather, geopolitics and forex markets. The challenge for the forex trader is to filter out the noise of a current day's events and seize opportunities for trading. Four currency pairs, the GBP/JPY, EUR/CHF, NZD/USD and NZD/JPY are at historical multiyear extremes. A closer look at some of them is worthwhile for gaining a better understanding of the dynamics of forex trading.
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