USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]
The post USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs appeared first on Action Forex.
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