By FXEmpire.com
The USD/JPY pair managed to pierce the 77 level during Asian trading, but fears of an intervention took over the psyche of the markets as traders would not push the BoJ any harder. This is probably going to be a bit of a floor for the pair for a while, and as such – we will not sell. In fact, we are looking for supportive candles at this area to buy for a short-term trade.
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