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Forex technical analysis: USDJPY bounces. Back above 100.00

Discussion in 'Technical Analysis' started by ForexLive, Aug 16, 2016.

  1. ForexLive

    ForexLive Forum Member

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    CPI sends USDJPY to 99.50 but back above 100.00 on Dudley comments Blame Dudley. Blame summer time markets, but the trend lower in the USDJPY has snapped back after NY Fed's Dudley warned the market of complacency about rate rises. That has sent the pair back up above the 100.00 level and into the congestion area from the London morning session (between 100.13 and 100.40).

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