USD/JPY caught in central bank crosswinds, BOJ on intervention watch

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    It’s been a busy day so far for central bankers, especially in Japan and the US. As we noted on Monday , the yen has seen massive safe haven / carry trade unwinding flows over the last two weeks, and as a result, USD/JPY is now falling for its 7th consecutive day to a new 15-month low under the 115.00 level. Unfortunately for the Bank of Japan, the last thing the Japanese economy needs is a strengthening currency driving down inflation and exports further. Things have gotten so bad for

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