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Japanese officials will have been pleased by the steady recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Focus has been on USD/JPY all week, and Friday was no different, and Japanese officials will have been pleased by the steady recovery seen after an early dip under 112.00. Earlier in the day, reports of a meeting between BoJ Kuroda, PM Abe and FX head Asakawa may have provided support, but going into US retail sales with a positive tone, the better than expected 0.2% rise on the month gave a fresh lift to take out 113.00 again. Gains were short lived, but no significant pullback as equities in

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