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USD/JPY Forecast: BOJ stepping in

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 111.92 View Live Chart for the USD/JPY BOJ stepping in? The USD/JPY pair recovers ahead of the US opening, from a low set at 110.66, level not seen since October 2014. Plummeting stocks and a soft dollar have supported yen's rally, but the almost 150 pips bounce has not much of a technical or fundamental base, beyond some rumors of the BOJ intervening the market. US initial jobless claims printed 265K, below market's expectations of 268K but above previous revised 258K,

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