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What do we do with USDJPY now?

Discussion in 'Fundamental Analysis' started by ForexLive, Apr 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    What now after BOJ bursts yen bears bubbles? The first thing I've done is buy it at 108.05 with a stop just under 107.60. USDJPY daily chart Technically the reason is pretty obvious. Secondly, that's a hell of a move just over the BOJ sitting on their hands. It confirms that the market got far too expectant into this one and that's why the pair didn't fall too much on the FOMC. It looks like both Fed and BOJ longs have now jumped ship.

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