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USD/JPY Attempts To Post Gains On BoJ Stimulus Hopes

Discussion in 'Technical Analysis' started by Kaitlin, Jul 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair edged lower on Tuesday, but, as expected, was unable to fall below the 104.00 major level, due to demand around 104.15 being sufficient to limit the losses. Earlier today the Yen weakened amid rumors of the BoJ possibly announcing more stimulus during its meeting later this[​IMG]

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