USD/JPY decline blocked on intervention speculation

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Wednesday was again an outright risk-off session. USD/JPY initially tumbled to the 111 area, but the move stalled on intervention speculation. EUR/USD set a correction top in the 1.1376 area as interest rate differentials between the US and Germany narrowed. Later in the session as tensions eased slightly. It helped the dollar only mildly. EUR/USD closed the session at 1.1323 (from 1.1292 on Wednesday). USD/JPY closed the session at the 112.49 (from 113.35). This morning, Asian equities lose

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