The US Dollar has rallied yet again during the week, against the Japanese yen. At this point, central bank intervention seems to have failed, and now the market will continue to punish the Japanese.
The Bank of Japan recently intervened in the currency market to try to stop the flood of buying in the USD/JPY pair. At this point, it looks as though that attempt is going to fail.
The Aussie dollar has been somewhat positive this past week, but at the end of the day, it is still very much in the same range it has been in for what seems like a lifetime now.
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