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The Bank of Japan has surprised everyone with an adjustment to its yield curve control. Could it be preparing to finally tighten monetary policy? The JPY has soared and risk appetite has been hit.
As the Christmas holidays get ever nearer there is a feeling of consolidation on major forex. However, the USD is slipping back after yesterday’s gains. Indices are building.
Trendlines in trading explain how prices are moving or breaking out. They connect different price points to reveal the direction in which an asset’s price is moving.
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