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USDJPY- Will The Bank of Japan Intervene At 145.00?

From blueberrymarkets.com

{video} Rumors are swirling in the forex market regarding the potential intervention by the Bank of Japan (BoJ) if the USDJPY exchange rate reaches 145.00. Currently trading at 143.50, this critical level has garnered attention from traders and investors alike. In this blog post, we will explore the likelihood of intervention, taking into account historical precedents and the contrasting factors affecting the USDJPY pair. The last time the BoJ intervened in the currency markets was when the USDJPY exchange rate soared to highs of 151.50, a level not seen since 1998. This move was prompted by the necessity to address ... (full story)

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  • Category: Technical Analysis