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US dollar tries to rally again but USD/JPY can't crack 140 and it retraces

The US dollar found a bid on rising yields but couldn't get through 140.00 against the yen and has retraced. It was the second try at 140.00 today with both stalling at 139.99. That suggests a strong barrier at the figure and it now traces out a technical double top.The failure to break through 140.00 appears to have turned the broader US dollar market. EUR/USD fell as low as 1.1175 but has rebounded to 1.1195.The fixed income market is playing a role today as yields bounce around but they cert... Read More

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Dollar

Tries

Rally

Again

Usd

Jpy

Can

Crack

Retraces

Usd jpy

Forex

Posted: Jul 19 2023, 15:46

Author Name: forexlive

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