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USD/JPY, Nikkei 225 weekly forecast: No news is good news as US recession fears recede
USD/JPY and Nikkei 225 have reclaimed important levels, benefitting from mounting evidence that fears over a looming US recession may have been premature. With the onus now on the data to prove the US economy is entering recession rather than isn’t, and with no major data out next week, you get the sense recent bullish moves may extend in the days ahead. Markets pare US recession trades The strong lift in US retail sales last month and continued decline in initial jobless claims comes across as anything but recessionary, making the case for the Fed to remain data dependent and measured when it comes to signaling on ... (full story)
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- Posted: Aug 15, 2024 10:31pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,539
