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Forex Chart Of The Day: EURJPY BoJ Intervene: -500 Pip Daily Range
video The JPY has strengthened today after the Bank of Japan confirmed they intervened buying the JPY. This was the first time this has happened since 1998. The USDJPY and EURJPY daily range reached over 500 pips. This combined with the risk off sentiment in the market provided by latest Russia comments regarding nuclear options. Risk is the topic of the market currently which shows little in the way of change and will likely remain. The USDJPY price traded through the 145.00 highs before turning and falling over 500 pips. If the price were to break 140.00 we could expect further downside. The FOMC recently hiked ... (full story)