USDJPY Technical Analysis – Another dip-buying opportunity? ...Middle East

Fundamental OverviewThe USD weakened across the board yesterday following another soft US CPI report and benign Jobless Claims figures. The market not only fully priced in a rate cut in September but also started to price in some chances of a back-to-back rate cut in November. Overall, we had a goldilocks data release with an economy that is slowing but still growing. This should support the soft-landing narrative and be positive for the risk sentiment. Even if the US Dollar weakens against the other major currencies though, 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. Yesterday, the Japane

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USDJPY Technical Analysis – Another dip-buying opportunity? ...Middle East

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