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USD/JPY: price rally stalls at 131.35
After a parabolic rise, USD/JPY registered its first weekly loss on Friday, providing traders the first opportunity to question whether this marks the end to the yen’s misfortune this year. Considering the prevailing uncertainty in financial markets, traders would be wise to measure up the opportunities in either direction, whilst cautiously sizing their positions. chart If you are USD/JPY bear, you’re basically singing up to a fundamental narrative where global growth is faltering, and/or expectations around further Fed tightening have peaked, and/or Bank of Japan’s ends it commitment to monetary policy ... (full story)