USDJPY Technical Analysis – Weak US consumer confidence weighs on the USD ...Middle East

forex live - News
USDJPY Technical Analysis – Weak US consumer confidence weighs on the USD
Fundamental OverviewYesterday, the US Consumer Confidence report surprised to the downside with one of the largest drops since 2021. The labour market data in the report softened a lot and it generally leads the unemployment rate. The market responded by raising the probabilities for the Fed to cut by 50 bps in November to roughly 60%. The question now is whether this is just about the low hiring rate or something worse? We will have to wait for the NFP report next Friday. USDJPY Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDJPY got rejected from the trendline as the sellers stepped in with a defined risk above it to position for a drop into the 140.00 handle. Th

Hence then, the article about usdjpy technical analysis weak us consumer confidence weighs on the usd was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( USDJPY Technical Analysis – Weak US consumer confidence weighs on the USD )

Apple Storegoogle play

Last updated :

Also on site :