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USD/JPY Sets New Correction Low On Yen Strength And USD Weakness

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 29, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    USD/JPY set a new correction low in the wake of the BOJ's unchanged policy decision. However, the move also indicates USD weakness. Today, the data and a global risk‐off sentiment might keep the dollar under pressure. EUR/USD is testing the 1.1398 resistance.[​IMG]

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