USDJPY Technical Analysis – The only way is up for now ...Middle East

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Fundamental OverviewThe USD has been overall rangebound in the last couple of weeks. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations. All else being equal, the data should continue to support the risk sentiment amid a pickup in growth without inflationary pressures. Even if the US Dollar weakens against the other major currencies, the JPY in this environment should keep losing ground and the Japanese officials can’t do much to reverse the trend unless the fundamentals change. We will likely need weak US growth data to see some sustained Yen strength, although it migh

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USDJPY Technical Analysis – The only way is up for now ...Middle East

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