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USD/JPY Testing 50-EMA Ahead of BOJ Statement

Fri, Jun 16 2017, 08:43 GMT

by FxGrow.com

FxGrow Daily Technical Analysis – 16th June, 2017
By FxGrow Research & Analysis Team

USD/JPY Testing 50-EMA Ahead of BOJ Statement


As expected, BOJ has maintained Interest Rates at current -0.1% with 44-pips price action movement for Friday trading session. USD/JPY rallied to to 111.27 high, currently trading 111.15, flirting with 50-EMA at 111.19. Currently, U.S Index is still pushing higher with 97.54 June record high, giving bull hand to USD/JPY with expectations for further incline for the pair.

The pair still awaits BOJ's press conference shortly and market will have to wait for Gov. Kuroda statement with expectation for more ...

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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

Published on Fri, Jun 16 2017, 08:43 GMT

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