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    USDJPY: under pressure after the Bank of Japan meeting

    Sell on a level breakthrough of 119.75 with 119.25 target. Stop loss = 120.25.

    Reason for the trading strategy

    Today the Bank of Japan reiterated its intention to maintain the policy of increasing the monetary base in the range of 80 trillion yen annually. The regulator expects to maintain a moderate economic recovery in Japan. The news has supported the yen.

    USDJPY, H4


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