The USDJPY is consolidating under new highest level since Sep 1998 (137.75) in early Tuesday’s trading, following Monday’s bullish signal on 2.6% advance (the biggest one-day advance since June 17) and close above previous top at 137.00. The dollar remains supported on expectations that Fed will remain aggressive in its monetary policy, short/medium inflation outlook […]
The post USD/JPY: Dollar On Track for Further Advance, Consolidation Likely to Precede Rally appeared first on Action Forex.
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