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Originally Posted by weissdawg
I think much higher prices are up next. Prices should not go below 115.44.
Possible target is 127.00
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BOJ potentially changing its monetary policy could affect the price of the pair. The BOJ recently voted 7-1 to effectively change the tone of their monetary policy. This means a move away from trying to fight deflation which would signal a potential move to raise interest rates for the first time in many years. This could signal a potential Yen strengthening in the near future. I am eyed the pair to break 115.50.