USD/JPY
For the yen to reverse the market lacks panic, but it is very likely after the Fed meeting. A breakout of the 117.50-118 zone guarantees growth by 1.5-2 figures, but a move higher is unlikely. The tone of the BOJ press conference will depend on the technical picture that emerges after the close of the Asian session on Friday.
For the yen to reverse the market lacks panic, but it is very likely after the Fed meeting. A breakout of the 117.50-118 zone guarantees growth by 1.5-2 figures, but a move higher is unlikely. The tone of the BOJ press conference will depend on the technical picture that emerges after the close of the Asian session on Friday.
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