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USD/JPY Daily Fundamental Analysis for August 05, 2011

posted by Avatar FXEmpire 1089 days ago in USD, JPY, Fundamental

The USD/JPY pair advanced sharply early Thursday, as BOJ intervened in the FX market and unilaterally sold the yen after it reached its highest level against the dollar since March 11 quake.

The Japanese Finance Ministry unilaterally intervened in the foreign exchange market selling the Japanese yen, while the BOJ kept the interest rate steady..
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