By ForexMansion.com

 

USD/JPY had a bearish week, pulling back some of those gains due to central bank intervention and the mass covering that an event like that causes. However – it is still above the important 80 mark and looks like the buyers could be stepping in here pretty soon. Selling isn’t possibly as the central banks will get involved somewhere below here if they have to. Look for signs of strength and buy when it shows support.

Originally posted here

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