Forex (SPOT)

USDJPY: Intrady Analysis & Forecast

During Monday’s Japanese holiday, the dollar hit a new 34-year high of 160.245 yen, before getting swatted back to a low of 154.40 by the time Europe opened. Excluding previous rounds of intervention, the dollar has only fallen that sharply on a handful of occasions in recent years.

Late in the U.S. day on Wednesday, the dollar suddenly plunged 1% in five minutes, tumbling another 2% over another half an hour to the day’s low.

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