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USD/JPY Struggles To Recover From Friday's Slump

Discussion in 'Technical Analysis' started by Kaitlin, Aug 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The USD/JPY currency pair plunged on Friday for the two main reasons: the BoJ failing to deliver and the a lot weaker-than-expected US GDP figures. As a result, the pair reached a bottom of 102.00, erasing all gains for the previous three weeks. Downside risks persist, with the nearest significant[​IMG]

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