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USD/JPY bullish momentum seems to be fading

USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main factors that are likely to be the cause; intervention risk, inter-market expectations, and momentum. Watch the key 20-day moving average […]...
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Posted: Oct 24 2023, 06:27
Author Name: marketpulse
Views: 082449