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USD/JPY tilts back lower, awaiting the Fed

USD/JPY tilts back lower, awaiting the Fed

The drop yesterday was arrested by the 200-day moving average (blue line) but we are now seeing price fall back below the key level as the dollar retreats slightly ahead of the Fed. That level is now seen at 135.33 and will be a key point to watch, alongside the 2 December low at 133.61 in terms of defining any further downside leg towards 130.00 next in the aftermath of the Fed.

The recent bounce seems to have stal... Read More

Posted: Dec 14 2022, 11:28
Author Name: forexlive
Views: 102564

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