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04.08.2026 12:54 AM
The USD/JPY pair has decreased by almost 900 pips in just a few days. This is something of a record (or an anti-record)—the most significant price drop in recent years. Japanese authorities have once again demonstrated their willingness to defend the national currency—as the saying goes, “not just in words, but in deeds.”The pace of the price decline suggests that the market has “believed” in the Japanese Ministry of Finance’s ability to alter the long-term trend of USD/JPY. However, in
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