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USD/JPY jumps north of 120 on negative BOJ-rate

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday, trading on global markets was choppy, as the Fed failed to give a clear guidance. A further rise in the oil price combined with volatile equities provided a mixed picture for interest rate markets and for currencies. In the end, the dollar lost slightly ground against the euro with EUR/USD closing the session at 1.0940 (from 1.0893 on Wednesday). USD/JPY held in the high 118 area and ended the day at 118..82 (from 118.68). Investors were reluctant to be yen long ahead of BOJ

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