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Thomson Reuters
Jul 13 - 08:36 AM
USD/JPY - July's 2Nd Biggest One-Hour Drop Finds Support
First appeared on eFXplus on Jul 13 - 06:35 AM
  • London sees USD/JPY drop from 112.80 to hit 112.42, before recovering on EBS
  • Spot suffers July's 2nd biggest one-hour drop in previous hour
  • Closed down 25 pips, opening at 112.72 and closing at 112.47
  • USD/JPY will likely test 2018 peak after close above key Fibo nL1N1U903K
  • Fed, BOJ diverge, providing fuel for big USD/JPY gains nL1N1U905I
  • BOJ may project inflation missing target for 3 more years nL4N1U9281

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