The USDJPY rose to the highest in six years on Wednesday, in extension of Tuesday’s 1.1% rally (the biggest one-day advance since Nov 10), as dollar continues to benefit from rising optimism on expectations of more aggressive Fed, while yen continues to weaken on diverging Fed/BOJ policies. Close above pivots at 119.50/120.00 (Fibo 76.4% of […]
The post USD/JPY Outlook: The Dollar Hits New Multi-Year High vs Sinking Yen appeared first on Action Forex.
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