All Things Forex Trading Room: Is it Becoming More Difficult for the USD to Rally vs JPY?

In the trading room today: Is it Becoming More Difficult for the USD to Rally vs JPY? Ahead of the Bank of Japan monetary policy announcement, we focus on the JPY and examine the factors that could make it more difficult for the USD to maintain a constant one-way direction against the yen, we analyze the pullback in the USD/JPY currency pair, we take a close look at the bounce higher in the EUR/USD pair, we keep an eye on an important support level for the GBP/USD currency pair, we highlight the market’s reaction to the Japanese Consumer Confidence, the French and the Italian Industrial Production reports, we discuss new forecasts from Westpac Banking Corp. and UBS, and prepare for the trading session ahead.


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