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The USD/JPY pair hasn’t been able to violate the symmetric triangle pattern so far as it’s providing solid resistance at 106.300 and support at 106 level. The U.S. CPI figures may help to drive some price action during the New York session. Checkout the USD/JPY price forecast to learn more about the trade setup.
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Fed Minutes Spotlight USD/JPY as Dollar Rally Wavers Key Moments
The Fed minutes showed that the New York Fed checked USD/JPY levels for the US Treasury. This is unusually direct attention to a currency pair.
Most Fed officials want clearer evidence of lower inflation before […]
Crude oil trading outlook: futures retreat on stronger dollar, US GDP eyed Both West Texas Intermediate and Brent benchmark crudes eased off yesterdays highs as the US dollar strengthened after policy makers concluded Feds bond-buying program and confirmed an interest rate hike at some point next year. OPEC comments […]
3M shares rebound on Monday, company addresses inaccurate media reports of N95 seizure Over the weekend, 3M Company (MMM) addressed inaccurate reports in the media, according to which a shipment of 3M personal protective equipment was seized and diverted by US authorities on April 3rd while being transported from a China […]
AUD/JPY Stabilizes as Key Support Levels Hold Key Moments
AUD/JPY traded near 110.20 after rebounding from the 110.00 area, while remaining within a descending channel.
Immediate downside supports were identified around 109.80 at the channel floor and 109.67 at the 50-day […]
AUD/USD slides before RBA Lowe’s statement Australian dollar slid against its US counterpart on Monday before Reserve Bank of Australias deputy governor Philip Lowe takes a statement in Sydney on Tuesday, as speculation mounted that the central bank will consider an intervention in […]
U.S. Dollar Index Surges Past 103.900, EUR/USD Falls Below 1.0900 Key momentsThe Dollar Index managed to increase by 0.46%, going above 103.900.
The EUR/USD pair is trading around 1.0840.
During this week’s meeting, the Federal Reserve did not cut interest rates. According to projections, however, […]