Яндекс.Метрика USD/JPY touches 61.8% retracement of the Powell drop ⋆ Technologies of the future for life!
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USD/JPY touches 61.8% retracement of the Powell drop


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USD/JPY ticks off resistance

USD/JPY bounced nicely on USD inflows after the Powell put went into effect. There’s a major cross current here with positive risk sentiment battling with Fed dovishness.

If you want to sell USD/JPY, the 61.8% retracement level is the one to watch in the near-term.

But if you want to sell USD on Fed dovishness, there are probably better places than USD/JPY.

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