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USD/JPY breaks the post-BOJ high

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

  1. ForexLive

    ForexLive Forum Member

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    Up 260 pips to 121.43 The initial wave of buying on the Bank of Japan's surprise shift to negative rates hit 121.42 before falling all the way back to 119.11. Since then, steady buying has underpinned the pair and it finally retook that level.

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