FX traders have got their popcorn bags out ...Middle East

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Will Japan intervene or won't they? It's definitely not ideal as we look towards European trading, where liquidity conditions will start to pick up. And even more so when US traders come into the fray later. Officials might be thinking to wait for the BOJ to send a message on Friday but that is still at least two days away.For now, all other major currencies aren't doing much and traders are likely to sit on their hands in watching what happens next with USD/JPY before reacting to anything. The aussie is still up slightly from earlier, but AUD/USD remains capped for now as seen here.It definitely takes a lot of guts to be in any yen trade at the moment and I wish you the best of luck if you'

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