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USDJPY Technical Analysis - Bulls and Bears are watching this key support

The Fed hiked interest rates by 25 bps as expected leaving everything else unchanged. Fed Chair Powell didn’t hint to anything in his press conference and just reaffirmed their data dependency keeping all the options on the table. The data since the FOMC meeting has been supporting the soft-landing narrative as the labour market indicators keep on showing strength, while the inflation readings keep on missing expectations. On the other hand, the BoJ kept everything unchanged as expected but impl... Read More

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Content Topics

Usdjpy

Technical

Analysis

Bulls

Bears

Watching

This

Support

Forex

Posted: Aug 2 2023, 12:10

Author Name: forexlive

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