USD/JPY Grinds Lower as Fear Overshadows UBS/Credit Suisse Deal

US Dollar/ Japanese Yen (USD/JPY) Price Forecast: USD/JPY breaks below the 50-day MA, heading toward psychological support at 130.00. US Dollar slips on further on contagion fears as traders flock to Gold. Japanese Yen benefits from its safe-haven appeal, gaining preference over the greenback. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely …

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