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USD/JPY is dropping back after its excursion above 129.00 earlier in the session

Started by forex4you, Apr 20, 2022, 01:11 pm

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USD/JPY is dropping back after its excursion above 129.00 earlier in the session

Its been an active day in Japan (read from the bottom up for the chronology):


    Japan deputy chief cabinet secretary says FX stability is important
    A little more on the Bank of Japan intervention in the JGB market today
    BOJ intervention in the bond market
    Intervention by the Bank of Japan looks likely today
    Goldman Sachs says the probability of USD/JPY intervention has increased significantly.
USD/JPY has given back all its earlier rise, and more. The latest were those comments from the dep chief cabinet minister. He'll get a promotion at this rate!

Source: USD/JPY is dropping back after its excursion above 129.00 earlier in the session

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