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USD/JPY Big Trade Order 04.01.2016- Stopped
4/6 – Stopped
4/1 – Place Order to Buy USD/JPY 111.80 Triggered
New USD/JPY Big Trade Order
Place Order to Buy USD/JPY 111.80
Stop at 109.80
Janet Yellen’s dovish comments were significant and we believe that there’s more downside for the dollar however losses in USD/JPY will be limited by the prospect of Japanese stimulus, massive amounts of long yen positions, threat of BoJ intervention and the fact that the next move by the Fed could still happen this year