WHY WE ARE SEEING LARGE MOVES IN THE SAFE HAVEN CURRENCY
In this video update, we take a look at USDJPY as overnight APPL revealed their Q1 data which showed a potential slowdown in the Chinese economy. This caused investors to move their money from risk on to risk off with JPY and Gold benefiting from the poor data. Looking at the technicals price has bounced from the support of 105.20 however the move has been exaggerated due to low liquidity and we could see prices re-test this support again.
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