Current Price: 102.40
Rate under pressure from the highs all day in New York making lows for NY action late in the day and after the London fix suggesting that the sellers and buyers have exhausted themselves in only two trading zones; Lows in Asia followed by highs in Europe. Market goes two way into the end of the day suggesting that short-time frame traders likely controlling the market. BOJ meeting starts tonight and no rate change expected but look for rhetoric RE: who will be the new Governor.
Analysis by: Forexpros.com written by Jason Alan Jankovsky
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