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USD/JPY, GBP/JPY PROJECTION:
JPY PROJECTION: NEUTRAL
- Yen Losses Continue to be Capped as FX Intervention Fears Linger.
- A Busy Week on the Calendar yet No High-Risk Event Which Could Impact the Overall Sentiment as well as Outlook with the BoJ Summary of Opinions as well as United States CPI the Main Ones to Watch Out For.
- IG Client Sentiment Shows Retail Traders Extremely Bearish on Both USDJPY as well as GBPJPY.
- To Learn More About Price Action,Chart Patterns as well asMoving Averages, Check out theDailyFX Education Series.
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MANY READ: EUR/USD Continues to Slide as EUR/JPY Retreats from YTD High, What Next?
THE WEEK IN TESTIMONIAL
The Yen remained to resist the US Dollar today in spite of holding the line as well as trading level versus the GBP (at the time of composing). The contrasting efficiency might partly be described by a durable United States …
