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Play of the Day: CHF/JPY’s Make or Break Resistance Zone


CHF/JPY is retesting a resistance level that hasn’t been broken in weeks!

In case you weren’t around during the Asian session, talks of a currency intervention by the Bank of Japan (BOJ) went around after USD/JPY dropped sharply from 151.90 to around 151.30 levels.

The move was eventually canceled out but threats of a BOJ intervention probably kept at least some traders from selling more JPY.

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