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No bottom in USD/JPY yet; 102.00 now under pressure

Discussion in 'Technical Analysis' started by ForexLive, Jul 29, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Fresh session lows down 320 pips to 102.02. Even with stocks touching record highs, the market can't find any reason to buy USD/JPY today. It's truly the worst-possible day of news for the pair. The BOJ disappointed and so did US GDP.

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