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USD/JPY under pressure, but no break yet

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Thursday, EUR/USD and USD/JPY initially traded sideways. There were no important eco data and as equities entered calmer waters. The ECB press conference was the game-changer for global trading. ECB’s Draghi hinted to the possibility of further easing in March. The euro nosedived. EUR/USD dropped briefly below 1.08 but rebounded as the gains on US equity markets remained moderate. EUR/USD closed the session at 1.0874 (from 1.0890 on Wednesday). USD/JPY hovered up and down but finally

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