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USD/JPY steadies after the quick dip earlier
It's still a hard one to read as to whether or not the 90-pip drop in USD/JPY earlier had to do with Tokyo intervention. The size and speed of the fall is suggestive but then why all of a sudden at 150.70 and not at a level just above 150.00 again like before? There are certainly some question marks about that. But since then, the pair has stabilised somewhat although traders are weary about pushing it too far above the figure level now:There is the possibility that the drop was also triggered b...
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Posted: Oct 26 2023, 08:54
Author Name: forexlive
Views: 112242