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USDJPY edges into 102.00 with Abe set to open the purse strings

Discussion in 'Technical Analysis' started by ForexLive, Jul 11, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What's in his wallet? We now look to be getting the widely anticipated additional stimulus from Abe & Co and the yen is selling off ahead of it. On Friday the NFP went very wonky. From touching a high around 101.25 we then went on to drop down to 100.00 before going sideways as the market realised this wasn't a game changer for the Fed.

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