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USD/JPY Surged After Kuroda's Speech

Discussion in 'Technical Analysis' started by Kaitlin, Sep 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Wednesday ended with the US Dollar adding as little as 25 pips against the Japanese Yen, therefore, unable to climb over the immediate resistance. Earlier today BoJ Kuroda's speech triggered JPY-selling, which is a good sign, as a bullish USD/JPY development would eventually lead to another retest of the descending[​IMG]

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