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Jul 30 - 09:48 PM
USD/JPY - Tiptoes Into Crucial Risk Event
First appeared on eFXplus on Jul 30 - 06:55 PM
  • USD/JPY in holding pattern ahead of long and much awaited Fed rate meeting
  • Robust US data underpins, consumer confidence rebounds to 8-mth peak in July
  • Possible dissent hangs over Fed's first rate cut in a decade
  • Investors wonder if Fed rate cut required or is meant to appeasenL4N24U4KV
  • Apple shares up 4.4% in after-hours trade on better results, risk positive
  • Resistance 108.90-109.00, support 108.30-40; over to Fed

Consumer confidence Image: Click here

Source:
Refinitiv IFR Research/Market Commentary

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