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EURJPY remains below 100 hour MA after volatile up and down day

The EURJPY - like the USDJPY and other JPY pairs - have experienced a volatile up and down ride today after the BOJ meeting yielded no change in policy, but "the market" remains intent on forcing the central banks hand at some point in the future.

The initial squeeze to the upside on the news, took the price barreling through the 100 and 200 hour moving averages and also the 200 day moving average (at 140.715). The high price extended to 141.684 before starting the rotation back to th... Read More

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Eurjpy

Remains

Below

Hour

After

Volatile

Down

Forex

Posted: Jan 18 2023, 16:55

Author Name: forexlive

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