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USD Rally To Accelerate On Less-Dovish Fed, JPY Retains Bullish Trend

From dailyfx.com

The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.47 percent higher from the open after moving 102 percent of its average true range, and the headline-driven market may continue to spark increased demands for the greenback as currency traders scale back their appetite for risk. As the upward trending channel continues to take shape, we may see the index make a run at the 10,300 figure in the days ahead, but we may see a small pullback going into the end of the week as the 30-minute relative strength index approaches overbought territory. In turn, we may see the dollar revert back towards the 10,200 figure, ... (full story)

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