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The Wait is Over, Japan Finally Intervenes
Well the wait is finally over. Perhaps it was my call yesterday for the USDJPY to break 83.00 that pushed the Japan into action (joke). After weeks of aggressive verbal intervention, USDJPY hit a low of 82.87 and Japanese officials subsequently stepped in. Market chatter has speculated that roughly 1.0bn to 9.0bn worth of JPY was sold to push the pair up 2 big figures. Interestingly, in other... ...More...
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