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    USD/JPY off lows at 101.50 on BOJ statement Haresh Menghani

    The USD/JPY pair was sent on a roller-coaster ride and got slammed below 100.00 psychological mark for the first time since Nov. 2013 as the results from the closely watched EU referendum in the UK showed a strong support for the Brexit. Investors rushed away from riskier assets, benefitting the perceived safety of the Japanese Yen.  The pair, however, has retreated a bit and is currently trade around mid-101.00s following the Japanese central bank announcement to provide sufficient liquidity in order to curb extreme volatility in the FX market. 


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