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USDJPY – Bank of Japan Policy Decision & the 10-yr JGB Yield
The USDJPY had been trading steadily higher in February, from the 128.50 support level, up toward the 137 round number resistance level. This move was driven by a combination of fundamental reasons (strengthening of the DXY and overall weakness of the Japanese Yen) and technical setup (the golden cross, where the 50-period Moving Average crossed over the 200-period Moving Average). This week, the Bank of Japan (BoJ) is set to release its latest decision on its Policy Rate and the accompanying Monetary Policy Statement. The BoJ is expected to persist with its current stance, maintaining an ultra-lose monetary policy ... (full story)
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- Mar 6, 2023 4:04am Mar 6, 2023 4:04am
- DooPrimeClea
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- toshio
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