USD/JPY Breaches 100-Day Moving Average

USD/JPY Breaches 100-Day Moving Average

The pressure on the USD/JPY pair that originated with the Federal Open Market Committee’s statement has accelerated on the break of 113.00 resulting in a breach of the 100-day moving average. The end result has left the dollar at a 13-day low of 112.55 and precariously close to the 50% Fibonacci retracement at 112.41 (125.84 high/98.98 low). And while the dollar was eroding against the yen, it was holding most […]

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