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USDJPY Technical Analysis

The big miss in the US CPI report last week triggered a broad USD selloff as the market expected the Fed to be done with rate hikes after the July FOMC meeting. In fact, the market has even started to bring forward rate cuts, although it looks premature due to a strong labour market and rising consumer sentiment. On the other hand, the BoJ maintains its dovish stance while core inflation in Japan keeps on rising. There are small signs of a possible exit from the current policy though despite the... Read More

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Usdjpy

Technical

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Forex

Posted: Jul 18 2023, 12:11

Author Name: forexlive

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