USD/JPY makes a quick move lower

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Adam Button

1 hour ago

USD/JPY hits stops

USD/JPY made a quick move lower, running stops below 156.60 down to 156.20 where it's bounced.

With the intervention talk in USD/JPY, that's always a threat but I think this is more a case of stops being set on fears of intervention and triggering some quick selling.

Moreover, the volatility in stocks markets is a drag on this pair.

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