USD/JPY

USD-JPY

USD/JPY Currency pair sitting squarely on 200 DMA, which is a key technical level, and notice the clear descending triangle formation. It has all the makings of a potential break out. US monetary policy and forward guidance which is leaning towards very low money market rates for a long time to come, disfavor taking the […]

USD-JPY

USD/JPY

Currency pair sitting squarely on 200 DMA, which is a key technical level, and notice the clear descending triangle formation. It has all the makings of a potential break out. US monetary policy and forward guidance which is leaning towards very low money market rates for a long time to come, disfavor taking the long side, although it should be discounted as a possible direction that this pair could take.

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