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Gotobi Day being cited as a reason USD/JPY has fallen in Asia trade today

Let me preface this by saying I think this is an example of a narrative being backfitted to a move. Anyway ..."Gotobi" refers to the practice in Japan of making certain payments on specific days of the month. The term "gotobi" can be translated as "every fifth day." This means that these payments typically happen on days that end in a "5" or "0" (like the 5th, 10th, 15th, 20th, 25th, and 30th of the month). For many Japanese companies, especially in industries like exporting, "gotobi" days are... Read More

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Gotobi

Being

Cited

Reason

Usd

Jpy

Fallen

Asia

Trade

Today

Usd jpy

Forex

Posted: Oct 5 2023, 01:35

Author Name: forexlive

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