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BOJ offers to buy ¥500 billion in unscheduled repo operation

The Bank of Japan (BOJ) has offered to inject 500 billion yen into the system via an unscheduled repo operation. So far the news has not had a big impact on USD/JPY. The pair is currently trading near 105.05, having hit a low of 104.50 in early Asia.

BOJ's move comes a day after the Federal Reserve unleashed a massive unleashed massive liquidity worth $1.5 trillion in an effort to quell liquidity fears to combat "temporary disruptions" in funding markets.

GBP/USD Price Analysis: On the back foot below 61.8% Fibonacci

GBP/USD remains under pressure around 1.2520, down 0.40%, amid the Asian session on Friday. In doing so, the quote extends losses under 61.8% Fibonacc
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USD/JPY bulls finding camp on the 105 handle as BoJ intervene

USD/JPY is trading back above the 105 handle between 104.50 and 105.20, +0.42%, spiking in the Tokyo opening hour as the market suspects intervention
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