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USDJPY Technical Analysis - BoJ kills again the JPY

The miss in the US NFP and CPI reports 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 overall good economic data. In fact, the better-than-expected US retail sales and the US initial claims gave the USD some support as the market repriced a bit its expectations. On the other hand, the BoJ maintains its... Read More

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Content Topics

Usdjpy

Technical

Analysis

Kills

Again

Forex

Posted: Jul 21 2023, 08:16

Author Name: forexlive

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