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USDJPY update

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USDJPY, Daily The outflow of funds from China and into safe haven currencies like the JPY has helped to strengthen the Japanese Yen in recent weeks. However, JPY traders may now be beginning to shift attention to market speculation that the Bank of Japan may be potentially seeking further stimulus measures that may add some weakness to the JPY. Technically, a fibonacci retracement (December High 123.55 – January 20th low 115.90) trade could be in play for projected targets at 119.70 and

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