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Forexlive Americas FX news wrap: USDJPY falls below key support

Discussion in 'Market News' started by ForexLive, Feb 9, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for US trading on Feb 9, 2016: Yesterday the USDJPY fell below the 115.55 area but still managed to close above that key level. Today, the pair moved to - and through - that Early selling of stocks in the US kept the pressure on the pair, but stocks stabilized, moved from negative to positive, and that kept the USDJPY range bound for the rest of the trading day. Going forward traders will want to see corrections remain below the 115.55-85 area. This area includes a number of swing lows going back to early 2015.

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