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USD/JPY continues slide as economy questioned. The pair nears 146.00
USD/JPY is having a look at 146.00 after touching a 2023 high of 147.36 earlier today. It's a rapid turnaround as the market re-evaluates the path of Federal Reserve rates and the strength of the US economy.The drop of more than 120 pips threatens a spinning top formation on daily and an outside reversal.US job openings fell sharply in June and that's an indicator the Fed watches closely. At the same time, US consumer confidence also posted a surprise fall, albeit from elevated levels.The market...
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Posted: Aug 29 2023, 15:25
Author Name: forexlive
Views: 111640