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European Open Briefing

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY recovered slightly after comments from various Japanese officials showed that the BoJ is concerned about the recent JPY strength. The pair briefly traded below 110 yesterday, but is currently consolidating around 110.50 after reaching a high of 110.60 earlier. Resistance is now seen at 110.80 and 111.40.[​IMG]

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