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200-Day SMA Keeps USD/JPY Afloat

Discussion in 'Technical Analysis' started by Kaitlin, Oct 30, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The BoJ leaving its monetary policy unchanged in spite of weak inflation data caused rather strong downside volatility in the USD/JPY this morning. However, a broadly stronger US Dollar remained unchanged against the Yen yesterday, when GDP figures disappointed, and it is not allowing the Japanese currency to maintain trade[​IMG]

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