USDJPY Technical Analysis – The price is testing a critical support ...Middle East

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USDJPY Technical Analysis – The price is testing a critical support
Fundamental OverviewThe JPY eventually increased the gains following the BoJ rate hike as Governor Ueda delivered some hawkish comments during the press conference. On Wednesday, we had the FOMC rate decision and as expected it was a dovish one. Fed Chair Powell hinted to a September rate cut and didn’t even close the door for “several” rate cuts before the end of the year.Yesterday, we got some general risk-off in the markets which was triggered by an ugly US ISM Manufacturing PMI release. The market has now fully priced in three rate cuts by the end of the year for the Fed and continues to raise the chances of a 50 bps cut in September.For those bullish on the pair, this might open an unwi

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