Remarkably, the Bank of Japan stated during its press conference that the depreciation of the yen wasn’t an issue. Interesting….
The Australian dollar has seen a lot of noisy behavior, as recovery was on the menu this past week. At this point, we are in the middle of the overall consolidation area that has been so important in this pair.
The Aussie dollar rallied on Friday, as we continue to see it swim upstream. The market was strong in the early hours of Friday but finds itself in the middle of the previous consolidation area.
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