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Aug 25 - 01:55 PM

USD/JPY - Conflicting Signals Keep Investors Side Lined Into Fed Risk

By Christopher Romano  —  Aug 25 - 01:09 PM
  • USD/JPY rallies back above the 10- & 30-DMAs while daily, monthly RSIs rise

  • Pair cannot break above the thing daily cloud & holds in 109.10/110.25 range

  • The August monthly doji candle implies investors are indecisive for now

  • Fed Jackson Hole event risk looms, could determine next move for USD/JPY

  • Powell speaks Friday, if rhetoric deemed dovish USD/JPY is likely to fall

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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