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Is The Yen A Canary in the Coal Mine?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Since the Yen low (USD high) at 125.86 in June 2015, the Yen has climbed about 15%. Since Jan 29, 2016, when BOJ (Bank of Japan) moved to Negative Interest Rate Policy (NIRP), the Yen has climbed nearly 12%! Let's fully understand that instead of weakening in reaction to negative interest rates, the Yen has strengthened! My reaction to this counter-intuitive situation is that: 1) market psychology has reversed from confidence in QE (very easy money) to concern that it has not, all will not

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