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USD/JPY: Tips for Beginner Traders on May 1st (U.S. Session)
Trade Review and Tips for Trading
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Trade Review and Tips for Trading the Japanese YenThe test of the 157.11 level occurred when the MACD indicator had just begun moving downward from the zero mark, confirming a good entry point for selling the dollar. As a result, the pair dropped by 100 points.Another intervention by the Bank of Japan led to a large-scale sell-off of the dollar and buying of the Japanese yen. However, most of the pair's decline was quickly reversed. In the second half of
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Jakub Novak,
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