USDJPY Technical Analysis – The uptrend remains intact ...Middle East

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USDJPY Technical Analysis – The uptrend remains intact
Fundamental OverviewLast week, we saw the USDJPY pair falling after the US CPI report as the market shrugged off rate hikes fears and consolidated the Fed’s higher for longer stance. The following day, the JPY started to lose ground again as not only the interest rates differential remains strong, but we have also the positive risk sentiment due to global growth expectations. In such an environment, the JPY is unlikely to catch a sustained bid. The trend will likely change only when we start to get some recessionary US data that will make the market to price in a more aggressive rate cut path. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that the USDJPY pair is t

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