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USDJPY moves above 100 day/100 hour MA after Michigan inflation `

The USDJPY has spiked above the 100 day moving average/100 hour moving average near 133.18 after the University of Michigan sentiment data showed one-year inflation expectations spiked to 4.6% from 3.8% last month. The five-year remained more steady at 2.9% but still up from 2.8% last month.Looking at the chart above, the falling100 day moving average (step lower blue overlay line on the 1 hour chart) and the 100 hour MA (smooth blue line) both come in at 133.18 area. The price is currently trad... Read More

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Content Topics

Usdjpy

Moves

Above

Day

100 Hour

After

Michigan

Inflation

Day 100

Forex

Posted: Apr 14 2023, 14:07

Author Name: forexlive

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