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Macrobriefing

USDJPY continues to trade higher within a range

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Macrobriefing Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY US dollar LONG tradingstrategies breakout trend
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trendanalysis chartpattern indicator usdjpy us dollar long tradingstrategies breakout trend
150.00 is obviously an important level for the market. The BoJ certainly took notice at the breach of that level. The current intra-day trend is higher, with the US dollar appreciating against a basket of currencies.
Comment:
a 75bps rate hike came in from the Fed. This should support the US dollar, especially against currencies like the yen with a much lower and in this case negative rate.

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