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Key Support Remains Exposed


Pullback Extends, But Still Looks Corrective in Nature


FED Remains in Play Post-NFP/ISM Data

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Nikkei Reports That Japan Did Intervene In FX Markets To Support Yen

  • According to Nikkei reports, Japan did in fact intervene in the foreign exchange market to support the yen.
  • This had been widely speculated after the currency dropped to a fresh 32-year low below 151.90 to the dollar.
    • The reports were, however, citing an unidentified person and separate reports from Kyodo said that the country’s top currency official, Masato Kanda, declined to comment on whether the country intervened when asked by reporters so official confirmation is still awaited.

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