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Japanese yen surge on Ueda remarks the big story to start the new week

USD/JPY is down 0.9% or a little over 130 pips on the day, to around 146.40 levels currently. It comes after a marked gap lower in the pair following BOJ governor Ueda's remarks on a "stealth exit" from the current ultra easy monetary policy. In the big picture though, it's not that big a blow for the upside potential in USD/JPY still:It's an ominous-looking candle but technically, buyers are still in with a shout so long as price action continues to keep above the 145.00 mark I would say.In cas... Read More

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Ueda

Remarks

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Forex

Posted: Sep 11 2023, 04:26

Author Name: forexlive

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