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USD/JPY Fundamental Analysis May 22, 2012, Forecast

posted by Avatar FXEmpire 365 days ago in USD, JPY, Fundamental

Analysis and Recommendation: (close of Asian session)
The USD/JPY is ending the Asian session at 79.21 as the yen weakened as the intervention from the BoJ in the form of additional monetary stimulus became more probable. The BoJ has stated it would expand a bond-back program by JPY10 trillion to weaken the currency and assist the country’s vital
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