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The USD/JPY pair fell hard in the early hours on Monday, as the trading world continues to unwind the overall carry trade, and the Fed is looking more and more likely to cut rates later this year. Ultimately, this is a market that I think will continue to see more and more volatility.
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Or if you roll a dice, it could shoot up quickly again to the 145-146 yen level (and in fact it has done so). Nobody knows what’s next.
Better no more comments on usdjpy.