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USD/JPY gains for sixth day, resistance nearby

Discussion in 'Technical Analysis' started by ForexLive, Oct 23, 2015.

  1. ForexLive

    ForexLive Forum Member

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    USD/JPY up 50 pips to 120.43 The euro is the big story today after Draghi put a December deposit rate cut and more QE on the table. When the market gets an idea like more QE or more-deeply negative rates, it won't stop until the goods are delivered so the euro could fall substantially from here.

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