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USDJPY: “Fed” Up With Consolidation at 108.00
It’s been a quiet start to the forex trading week across the board, and no pair shows that phenomenon more than USDJPY. After gapping above 108.30 to start the week, the pair has dropped back down to consolidate around the 108.00 handle for the last three days. Short-term traders are no doubt frustrated with the lack of volatility thus far, but one way or another, market movement is likely to pick up with the release of the Federal Reserve’s monetary policy decision and statement at 14:00 ET (18:00 GMT) today. The central bank is widely expected to taper the final $15B of monthly asset purchases in its meeting, ... (full story)
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- Oct 29, 2014 11:56am Oct 29, 2014 11:56am
- bigarmsnopec
- | Joined Oct 2014 | Status: Junior Member | 1 Comment
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- Oct 29, 2014 1:11pm Oct 29, 2014 1:11pm
- upasna
- | Joined May 2011 | Status: Member | 801 Comments
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- Oct 29, 2014 1:14pm Oct 29, 2014 1:14pm
- irongoose
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- Oct 29, 2014 2:12pm Oct 29, 2014 2:12pm
- Aussi
- Joined Sep 2013 | Status: Member | 4049 Comments
ITS ABOUT THE CASH NOTHING ELSE.