USDJPY Technical Analysis – All eyes on the US inflation figures ...Middle East

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USDJPY Technical Analysis – All eyes on the US inflation figures
Fundamental OverviewThe generally positive risk sentiment continues to weigh on the JPY as the carry trade remains in cruise control. The market is also less fearful of an intervention before the 160.00 handle as it’s been pretty clear that the Japanese can’t do anything to stop the Yen depreciation without a change in the fundamentals. Therefore, everything will hinge on the US inflation figures where hot data will likely take us to 160.00 in the blink of an eye while soft readings might trigger a short-term correction.USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY has been rallying non-stop since the dip provided by the miss in the US NFP report. Over

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