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Bloomberg: "Traders on Intervention Watch as Yen Hovers Below 150 to Dollar"

Bloomberg:
It's a bit of a paradox that if traders are indeed on intervention watch and reluctant to buy USD/JPY ahead of the 150 level where many think the BOJ may step in then there is little profit taking from longs up higher to slow the ascent of USD/JPY.Bloomberg (gated) have an article up ahead of the Bank of Japan statement due tomorrow saying:The market is on tenterhooks ahead of the Bank of Japan’s policy decision on Friday as they await more detail from Governor Kazuo Ueda on the outlook for nega... Read More
Posted: Sep 21 2023, 03:31
Author Name: forexlive
Views: 112597

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