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USD/JPY Weekly Fundamental Analysis for August 08-12, 2011

posted by Avatar FXEmpire 1081 days ago in USD, JPY, Fundamental made popular 1081 days ago

The USD/JPY pair rallied last week, after the BOJ intervened in the FX market to sell the yen after it reached to critical levels against the dollar. While the Bank of Japan kept the interest rate steady at their lowest level to provide more liquidity to financial markets.

The Japanese Finance Ministry unilaterally intervened in the foreign exchan
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