The USDJPY started to lose traction after repeated failure to clearly break through pivotal Fibo resistance at 134.75 (61.8% of 137.90/129.64 descend). Fresh weakness was sparked by stronger than expected rise in US weekly jobless claims and significantly weaker Philly Fed reports in April, which add to already gloomy outlook. The price returned into thick […]
The post USD/JPY: Weaker Near Term Tone on Downbeat US Data appeared first on Action Forex.
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