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USDJPY Technical Analysis

The USD weakened lately following a beat in the NFP data. The weak details, such as a higher unemployment rate and lower average weekly hours, contributed to this shift towards less hawkish expectations. A looser labour market should bring down inflation faster. Additionally, the miss in the ISM Services PMI, particularly the lower prices paid sub-index, further fuelled expectations of a decrease in core inflation. While the big miss in Jobless Claims was met with scepticism due to seasonal adju... Read More

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Usdjpy

Technical

Analysis

Forex

Posted: Jun 14 2023, 08:12

Author Name: forexlive

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