FOMC Meeting Today: USD/JPY corrective fall has ended

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    DAILY MARKET OUTLOOK Update Time: 16 Dec 2015 08:12 GMT USD/JPY - 121.94 Despite the greenback's selloff to 120.35 on Monday, subsequent rebound on increasing speculation that the Federal Reserve will hike its rate later today suggests the corrective fall from November's 12-week peak at 123.77 has ended there and consolidation with upside bias would be seen for gain towards 122.26/30. However, near term loss of momentum should keep price below 122.46/50, yield retreat. On

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