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BoJ Under Pressure to Act Following Dollar Collapse

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The past 24 hours have been a difficult period for the Japanese central bank as they appear to be caught like a deer in the head lights as the Dollar continues to depreciate against the Yen. Subsequently, speculation is currently mounting that the Bank of Japan will shortly look to intervene in the market to depress the value of the Yen. However, the question remains at what point the venerable BoJ will dip their toes into the water. March has been a relatively negative month for the Japanese

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