Category: USDJPY
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USD/JPY settles below 156 amid a modest recovery this week, what’s next?
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USD/JPY daily chart The pair has seen a very strong recovery this week, with dip buyers showing some courage. Japan intervened in trading last week to pull the pair down to 152.00, helped by some weak US data. But since then, one-way traffic this week has been on the rise…
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UBS looks to history for USD/JPY guide By Investing.com
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Investing.com – The yen is struggling to hold on to any gains against the US dollar, even after official intervention last week, but UBS still sees potential for the pair to decline in the medium term. At 10:30 EST (14:30 GMT), USD/JPY was trading 0.1% higher at 155.64 yen, just…
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USD/JPY buyers face ‘treacherous’ path ahead as Japan likely to intervene again By Investing.com
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Investing.com – The bet on the dollar against the yen has been a hot forex trade that has dominated flows, but the trade could now head down a “treacherous” path ahead, Macquarie warns, with Japan likely to follow suit. Last week’s intervention that sent the Japanese currency higher amid revived…
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Japanese yen rises, USDJPY hits 3-week low on suspected intervention By Investing.com
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Investing.com — The Japanese yen rose on Friday, with the USD/JPY pair hitting a three-week low after sharp declines this week that traders largely attributed to government intervention. The pair, which measures the amount of yen needed to buy one dollar, was trading 0.2% higher at 153.34 yen. It had…
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ForexLive Asia-Pacific FX news wrap: Massive swings for USD/JPY – intervention then bounce
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USD/JPY as it happened: last: The USD/JPY pair was holding near 157.50 after the US market closed on Wednesday afternoon before interventionary selling hit it hard. It fell from 157.50 dramatically after a large number in very liquid trading over the course of about 20 minutes before finally bouncing from…
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USD/JPY sits just under 158 as dip buyers settle down for now
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USD/JPY daily chart In European trading yesterday, the pair found itself settling below the 157 level here. This before the reaction to the US data helped push the pair above the figure level. This brings us to the present. Price action is now finding a new number level to settle…