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WEEKLY MAJOR CURRENCY MARKET OVERVIEW

FX:USDJPY   U.S. Dollar / Japanese Yen
WEEKLY MAJOR CURRENCY MARKET OVERVIEW

September 18 / 2021

Dollar pull higher ahead of all it major counterparts, in the just concluded trading week. while the primary drive behind the positive momentum in the overall nature of the greenback was however attributed to the relative strength gain in the US retail sales data that was released on Thursday, also forex traders should note that during the last trading week the US dollar index, against six other major currencies measure an increase ratio of 93.1 which is said to be the highest point since late August 2021. While A total of 0.2% was said to have been the shift in the number of the move, still it was reported that the dollar index was previously price at 93.062.

It's important to know that Without accurate data reports and detailed analysis most newbie forex traders will most likely get burn out as a result of losing position. While In view of the coming technical analysis will be the driving force behind most market players trading decision.

And you ought to know the US dollar across boards is yet to complete it circle of positive momentum, hence the next trading should be filled with a little strength of the dollar in action.


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