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Can the BoJ Provide Anything but Disappointment for USD/JPY?
Strap yourselves in because your USD/JPY stops aren’t going to help you make money today! Oh you know, just a lazy 200 pip M1 move during Asia! With whipsaws such as this coming during thin, Asian session trade, there is every chance that your day trading stop loss will be knocked out as the market whipsaws. Headlines and rumours around any looming additions to the bank’s stimulus package are sure to keep coming, all the way into the Bank of Japan’s Monetary Policy Statement. But in saying that, the technical nature of markets even during times of panic never ceases to amaze me:Anyway let’s get back on track ... (full story)
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