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USD/JPY Attempts To Regain The Bullish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Apr 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As was anticipated, the USD/JPY currency pair slumped after BoJ Kuroda's statement yesterday, with the exchange rate reaching a fresh 18-month low of 107.67. However, the Buck stabilised slightly higher at 108.17, after having plunged for five days in a row. The newly-formed 18-month low is expected to provide sufficient[​IMG]

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