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Japanese Yen Bounces Off Fresh Lows, Stronger Pullback Is Not Ruled Out

Discussion in 'Technical Analysis' started by Kaitlin, Jul 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The yen jumped across the board after BoJ’s governor Kuroda ruled out the use of monetary stimulus, known as ‘helicopter money’. The dollar fell some 200 pips against yen, as immediate reaction on central bank chief’s comments, marking the strongest pullback of the rally from 100.00 trough so far. Earlier[​IMG]

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