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USDJPY: Intervention in the Week Ahead?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Last week saw the USDJPY collapse in price as the pair broke sharply through support at 110.66 following a broadly negative USD sentiment swing. The swing was largely due to the poor US Goods Orders Results, as well as the ongoing dovishness of the Fed. Subsequently, the USDJPY experienced waves of selling which saw it close the week down around the 108.00 handle. Subsequently, many within the markets are now wondering if the venerable Japanese central bank will seek to intervene in FX

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