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US Dollar Forecast: USD/JPY Bull Flag Under Threat with Fed on Tap

From forex.com

{video} USD/JPY appears to be negating a bull-flag formation as it tumbles to a fresh weekly low (146.07), but the Federal Reserve interest rate decision may sway the near-term outlook for the exchange rate should the central bank tame speculation for a rate cut in March. US Dollar Forecast: USD/JPY Bull Flag Under Threat with Fed on Tap USD/JPY fails to hold within last week’s range as long-term US Treasury yields come under pressure, and the exchange rate continue to give back the advance from the start of the month as the Federal Open Market Committee (FOMC) is expected to retain the current policy. The FOMC rate ... (full story)

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  • Category: Technical Analysis