$USDJPY Attempts to Break Bullish Trend
Enter your emailBears are looking to ride the downtrendPrior to the closing of last week’s trading, the price of the USD/JPY currency pair was exposed to profit-taking operations that pushed it towards the 135.56 support level on Friday.
The US dollar gave up some of its recent record gains against the rest of the other major currencies, as some statements by the Federal Reserve's monetary policy officials calmed the path of markets' expectations about the rates and times of US interest rate hikes, especially with US inflation continuing to record records.This week, the US dollar pairs will be watched with the announcement of a new US interest rate hike by the Federal Reserve and the US economic growth rate figure.
It also comes after potentially relevant comments from Federal Reserve Chair Jerome Powell during a panel discussion at the European Central Bank's annual conference on central banks last month, which indicated a degree of indifference to the anti-inflationary tailwinds that the strong dollar has triggered over the past year or more.is trading influenced by the Bank of Japan's decision to keep the benchmark interest rate unchanged at -0.1% in line with expectations.
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