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Will USDJPY hold 110? Here are 3 reasons why it could

From bkassetmanagement.com

The U.S. dollar fell to a 4 month low against the Japanese Yen today, extending a decline that has taken the greenback lower for 8 out of the last 9 trading days. Friday was the first positive one since March 10th and now that 110 is reached (USDJPY fell within 10 pips of this key level on Monday), dollar bears may be thinking about trading the pair the other way. Of course, there are many reasons for why the dollar is so weak. The failure of the healthcare bill raises questions about President Trump’s ability to cut taxes and increase spending and in turn the Federal Reserve’s ability to raise interest rates in ... (full story)

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  • Category: Breaking News