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USDJPY Technical Analysis - We are now in the intervention territory

Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2%. The less good news is that the US Initial Claims spiked higher, but Continuing Claims remained solid. We have already seen Claims spiking higher in the past months, so it shouldn’t be worrying yet. The long-term inflation expectations in the University of Michigan report ticked lower, so on the data side the soft-landing narrative was supported. The US Dollar... Read More

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Content Topics

Usdjpy

Technical

Analysis

Intervention

Territory

Forex

Posted: Aug 15 2023, 12:13

Author Name: forexlive

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