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USD/JPY Forecast: Unstoppable decline, 105.00 is now the line in the sand

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 108.38 View Live Chart for the USD/JPY Unstoppable decline, 105.00 is now the line in the sand. The USD/JPY plummeted to a fresh multi-month low, reaching 108.01 in the Asian session, its lowest since October 2014. The pair pared losses during the European morning, but the bounce was quite shallow, indicating that selling interest is still strong. There was no clear catalyst behind this latest decline, except an acceleration of the bearish momentum, after the pair broke

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