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Short-term Trading Idea FX USD/JPY – Bull Speculation: Growth to 123.45 via Recoil to 120.20

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: The Bank of Japan has brought in negative interest rates – minus 0.1%. The yen has weakened against the dollar by 290 points. If the stock markets aren’t swinging, we could see a growth in the pair to 123.45 after a rebound to 120.20. Further growth to cease with a close of the daily candle below 119.55. Current situation The Bank of Japan brought in negative interest rates on Friday – minus 0.1%. The regulator undertook such a decision in order to

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