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Author Archives: JPY Editor

FX Update: USD slipping after FOMC minutes

USD – weak reaction to the FOMC minutes and on the defensive … ECB meeting to stretch the action beyond 1.20 or a similar distance back to the downside. JPY – weaker against everything yesterday, but clawing back a bit ...

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Last Chance For A USD Rally

If retail sales are strong, USD/JPY will make a run for 113 but if it falls short with retail sales ex autos and gas missing expectations, USD/JPY will try to break 112. Wednesday’s most exciting was GBP/USD which shot up ...

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USD/JPY Still Heavy

Price is trading in the red on the short term and still tries to reach new lows. A further drop will be confirmed only after a valid breakdown below the 111.98 level. Technically, it should drop after the false breakout ...

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