Will the Bank of Japan Intervene to Support the Yen?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    As the USDJPY price continues to collapse towards the 110.00 level the probability of the Bank of Japan intervening to depreciate the Yen is increasing. However, the question remains, what price represents the BoJ’s line in the sand, and can it be defended against a rabidly USD negative market. Since the start of February, the USDJPY has faced a range of deteriorating conditions that are causing significant consternation in Tokyo. As the USD continues to depreciate sharply against the Yen so

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