USD/CAD fell hard again on Friday as the down trend is accelerating. The pair has broken below the previous downtrend channel, and now looks set to challenge the 0.98 to 0.97 support area. The pair is also known to be in a larger consolidation area that has support at that region.
The USD/JPY pair is continually finding support in the region of 78. This is the same area that the Bank of Japan has been known to get active in. Are they clandestinely intervening again?
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