The USDJPY continues to flirt with lower values but has also suffered from reversals upwards which makes its lower trajectory potentially attractive to speculators.
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The Bank of Japan will release its Monetary Policy Meeting Minutes early on Tuesday, along with its Policy Rate, and conduct the BoJ Press Conference. Yes, the Bank of Japan also got involved by intervening in the USD/JPY by purchasing massive amounts of Japanese Yen to counterweigh the buying of the USD/JPY. Whether the BoJ’s tactics worked can be debated, but technically the currency pair has certainly traded lower. The fact the U.S.With No Major Changes Expected from the BoJ, the USD/JPY will become Speculative
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