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USD/JPY closes above 146.00, bulls prepare for another upwards leg

From fxstreet.com

At the start of the week, the USD/JPY saw little movement, with both currencies trading weak against most of their rivals. The USD traded soft after last week's key events. Nonfarm Payrolls showed a mixed picture, while the ISM Manufacturing PMI rose higher than expected and the Core Personal Consumption Expenditures came in hot. Focus now shifts to Service sector PMI surveys from the ISM to be released on Wednesday, which will help investors to continue modelling their expectations regarding the next Federal Reserve (Fed) decisions. The USD is trading soft on Monday after last week's key events. Nonfarm Payrolls ... (full story)

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  • Category: Technical Analysis