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USDJPY stays above 100 hour MA, but...

The market still fears the 150.00 level in the USDJPY. There was a run above at the start of the month and a quick 280 PIP move back to the downside. This week, there was a 100 PIP tumble in a minute of trading on another BOJ fear schism. Technically, move above the 150.00 level, and the price goes higher. The technical bullishness is enhanced. However, it doesn't come without risk from the central bank either from currency intervention or a surprise policy change that kicks the JPY higher (... Read More

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Usdjpy

Stays

Above

Hour

But

Forex

Posted: Oct 20 2023, 19:28

Author Name: forexlive

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