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USD/JPY consolidates after the Tuesday plunge, what's next?

USD/JPY consolidates after the Tuesday plunge, what's next?

The BOJ surprise earlier in the week sent the pair reeling, in a drop from 137.15 in the run up to the policy decision all the way to a low of 130.56. There was a bounce from there, with the daily close managing to keep above the 16 June low of 131.49. That is one notable level to be wary of as buyers keep price action from falling back towards 130.00.

Since then, markets have started winding down towards year-end a... Read More

Posted: Dec 23 2022, 06:40
Author Name: forexlive
Views: 110856

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