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USD/JPY Falters Amid Safe-Haven Yen Strength

Discussion in 'Technical Analysis' started by Kaitlin, Sep 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY initially surged on Thursday morning as the safe-haven yen pulled back on well-supported equity markets and hopes for a long-awaited OPEC deal to limit oil production and stabilize crude oil prices. This calm would not last into afternoon trading, however, as doubts about the solidity of the oil deal[​IMG]

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