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Here’s how USD/JPY could hit $102 in August
USD/JPY has formed the head and shoulders bearish reversal chart pattern during the ongoing downtrend. In the meantime, investors are waiting to hear from the Fed tomorrow about the next steps it plans to undertake to help the embattled economy. Fundamental analysis: Dollar under severe pressure The U.S. dollar is trading under intense pressure as a consequence of Federal Reserve slashing of key interest rates and excessive money-printing. Investors are now waiting to hear from the Fed tomorrow with many expecting a new set of measures to support the embattled economy. “It seems like we’re seeing the dollar lose ... (full story)