USDJPY Technical Analysis – The trend is still skewed to the downside ...Middle East

Fundamental OverviewYesterday, the yen strengthened across the board in the Asian session without any clear catalyst. It looks like it was more of a technical move as the price broke through a key trendline rather than something fundamental.On the other side, there might be some pre-positioning into a dovish Powell speech on Friday as he will likely pre-commit to a rate cut in September. In the big picture though, rate cuts into resilient growth should boost economic activity and keep long term yields high. Moreover, the risk-on sentiment should also weigh on the yen as the carry trades would still be a better option. So, although the picture is a bit murkier with Federal Reserve rate cuts a

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USDJPY Technical Analysis – The trend is still skewed to the downside ...Middle East

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