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Back Fundamental analysis
USD/JPY:
The dollar/yen pair plunged more than
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The dollar/yen pair plunged more than 500 points yesterday. In just a few hours the price fell from 160.73 to 155.58. Such a sharp intraday move was one of the largest in the past three years. In this case, the so-called "curse of the 160 level" kicked in again: breaking that mark is considered a red line that, as a rule, prompts a counterreaction from Tokyo. That is exactly what happened this time. As soon as USD/JPY buyers pushed above the
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Irina Manzenko,
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