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USD/JPY holds lower so far on the day

This is looking like positioning flows ahead of the Fed and BOJ, more than anything else if you ask me. There was a bit of a pop yesterday as well amid light trading to 141.70 before a quick retreat to 141.20 again. That is now followed by a further decline to a low of 140.24 earlier, and we are just off that now.The downside move also gained some traction after a fall below the 100-hour moving average (red line) earlier. As such, that opens up room to maneuver towards 140.00 next potentially as... Read More

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Usd

Jpy

Holds

Lower

Usd jpy

Forex

Posted: Jul 26 2023, 09:48

Author Name: forexlive

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