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USD/JPY Forecast: Intervention News and US Job Figures to Shape the Trend

From fxempire.com

On Wednesday, the USD/JPY gained 0.09%. Following a 0.58% loss from Tuesday, the USD/JPY ended the day at 149.125. The USD/JPY rose to a high of 149.317 before falling to a low of 148.734. Intervention Chatter Dominates the FX News Wires Intervention-related news will remain a focal point on Thursday morning. Softer ADP nonfarm figures from the US eased buyer appetite for the USD/JPY. However, macroeconomic and monetary policy divergence supports further US dollar gains. 10-year government bond yields will provide direction early in the Asian session. However, household spending figures from Friday will influence the ... (full story)

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  • Category: Technical Analysis