The Japanese Yen (JPY) is being kept very contained against the USD with the BOJ verbal intervention support at Y76.50 and safe haven demand capping rallies towards Y77. Crosses were heavier though with AUD/JPY dropping below Y80 and EUR/JPY slipping back below the key Y110. Plenty of range traders are cashing in the on the 10 day 50 pip range on the USD/JPY with well-defined entry and exit points.
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