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USD/JPY and Sub-141 Hinged on US Jobless Claims and the Fed

From fxempire.com

It is a relatively quiet Wednesday for the USD/JPY. There are no economic indicators from Japan for investors to consider this morning. However, the Bank of Japan will be in the spotlight, with BoJ Board Member Noguchi speaking this morning. After the Bank of Japan left on monetary policy and assurances of ultra-loose, a shift in rhetoric would move the dial. USD/JPY Price Action: This morning, the USD/JPY was down 0.05% to 141.799. A bearish start to the day saw the USD/JPY fall from an opening price of 141.876 to a low of 141.733. {chart} Technical Indicators: Looking at the EMAs and the 4-hourly chart, the EMAs ... (full story)

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  • Category: Technical Analysis