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Forex: USD/JPY looks to extend corrective movement below 98.59

The USD/JPY came to retest the daily lows on the European opening, extending lower by 2 pips to 98.57. The pair is once again taking profits from having rallied towards but failing just below the 100.00 mark. The first time capped at 99.94 high as investors cheered the surprising BoJ policy decision and the second time was capped at 99.89 high in reaction to G20/IMF approval of such policy.
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