Never Gamble Forex
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USD/JPY: can the bulls break the stiff cloud resistance at 111.60/70?
Currently, USD/JPY is trading at 111.49, up 0.60% on the day, having posted a daily high at 111.61 and low at 110.99. USD/JPY New York bulls have taken on the bullish baton from their Asian compadres and taken the yen down to fresh eight-week lows due to investor appetite and quiet geopolitical news from over the weekend in respect to N.Korea. At the same time, there is focus on the FOMC this week, and that means the bulls can rely on the potential of Fed rate hikes vs the BoJ's dovish bias, despite two new board members attending their first BoJ interest rate decision meeting, Goushi Kataoka, 44, an economist and a ... (full story)