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USD/JPY Fundamental Daily Forecast – Risk-On as Focus Shifts to U.S. Earnings Reports
The early trade suggests today will be a risk-on day which will be supportive for U.S. equity markets and the USD/JPY. The Forex pair could strengthen further if Monday’s earnings reports come out better than expected. However, prices could turn lower swiftly and money could fly into the safe-haven Japanese Yen if conditions continue to heat-up in Syria. Increased demand for higher risk assets are helping to drive the Dollar/Yen higher early Monday. Investors are responding to firmer global equity markets in the wake of the U.S-led attack on Syria over the week-end. At 0718 GMT, the USD/JPY is trading 107.521, up ... (full story)
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