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Day: April 6, 2013
April 62013
BoJ Accommodation Leads to Huge Weekly Losses for Yen
The Japanese yen demonstrated huge losses this week, dropping to multi-year lows (it fell to the lowest since 2008 against some currencies), as the Bank of Japan pursued aggressive quantitative easing. Some analysts have thought that Haruhiko Kuroda would not take bold actions on his first policy meeting as the BoJ head. Nothing could be further from truth. Kuroda acted and acted boldly, as he had promised. […]
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April 62013
Forex Technical Analysis for Week 04/08â04/12
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2531 1.2638 1.2823 1.2931 1.3116 1.3224 1.3409 GBP/USD 1.4796 1.4914 1.5125 1.5244 1.5455 1.5573 1.5785 USD/JPY 89.01 90.78 94.27 96.05 99.54 101.31 104.80 EUR/JPY 113.58 116.33 121.76 124.51 129.94 132.69 138.12 GBP/JPY 133.86 137.11 143.53 146.78 153.20 […]
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