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USD/JPY Surges On BoJ No Change

JPY

USD/JPY has spiked after the BoJ left all major policy parameters unchanged. We got to a high of 130.60 and sit just below this level at the time of writing, around 1.8% above NY closing levels. Note the 20-day EMA comes in at 131.58, which is not too far away from lows recorded earlier in the month (9th and 10th of Jan).

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