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USD/JPY Forecast: The USD/JPY pair fell down to 120.35 at the beginning of the day

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 120.70 View Live Chart for the USD/JPY The USD/JPY pair fell down to 120.35 at the beginning of the day, as investors seek for safety at the beginning of the day, following growing risk aversion coming from China. The slide in commodities forced the PBoC to intervene once again, by injecting 100bn Yuan. The USD/JPY recovered back above 120.60, but is having a hard time to hold into gains. Technically the 1 hour chart shows that the technical indicators are within bearish

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